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Is Diamondrock Hospitality Co (DRH) Stock About to Get Hot Thursday?

Thursday, August 31, 2023 01:16 PM | InvestorsObserver Analysts

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Is Diamondrock Hospitality Co (DRH) Stock About to Get Hot Thursday?

Diamondrock Hospitality Co (DRH) stock is higher by 5.23% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With DRH Stock Today?

Diamondrock Hospitality Co (DRH) stock is lower by -1.17% while the S&P 500 has gained 0.09% as of 1:13 PM on Thursday, Aug 31. DRH is lower by -$0.10 from the previous closing price of $8.15 on volume of 918,879 shares. Over the past year the S&P 500 is higher by 13.36% while DRH is lower by -9.24%. DRH earned $0.40 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 20.12. To screen for more stocks like 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.

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