Is Diamondrock Hospitality Co (DRH) a Stock to Watch After Gaining 2.56% This Week?

Diamondrock Hospitality Co (DRH) stock has risen 2.56% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Diamondrock Hospitality Co has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DRH!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With DRH Stock Today?

Diamondrock Hospitality Co (DRH) stock is trading at $8.40 as of 10:48 AM on Wednesday, Nov 29, a rise of $0.05, or 0.54% from the previous closing price of $8.36. The stock has traded between $8.40 and $8.64 so far today. Volume today is low. So far 581,560 shares have traded compared to average volume of 1,834,290 shares. To see InvestorsObserver's Sentiment Score for Diamondrock Hospitality Co click here.

More About Diamondrock Hospitality Co

Diamondrock Hospitality Company is a real estate investment trust that owns lodging properties. Its primary business is to acquire, own, manage, and renovate full-service hotel properties in the United States. It operates in cities such as Chicago, Los Angeles, Boston, New York, Minneapolis, and Denver, as well as in the U.S. Virgin Islands. Within DiamondRock's holdings, the major hotel brands include Marriott, Starwood, and Hilton. DiamondRock's revenue is divided between room, food and beverage, and other. The room segment contributes the vast majority of the firm's total revenue. The firm's customers include leisure transient, business transient, and group customers. Click Here to get the full Stock Report for Diamondrock Hospitality Co stock.