Should You Buy InterContinental Hotels Group PLC (IHG) Stock After it Has Risen 0.35% in a Week?

InterContinental Hotels Group PLC (IHG) stock has gained 0.35% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

InterContinental Hotels Group PLC has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IHG!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 IHG Stock Today?

InterContinental Hotels Group PLC (IHG) stock is trading at $71.92 as of 2:56 PM on Friday, Jan 27, an increase of $0.40, or 0.56% from the previous closing price of $71.52. Volume today is high. So far 720,982 shares have traded compared to average volume of 115,329 shares. The stock has traded between $71.19 and $71.92 so far today.

More About InterContinental Hotels Group PLC

InterContinental Hotels Group operates 888,000 rooms across 17 brands addressing the midscale through luxury segments. Holiday Inn and Holiday Inn Express constitute the largest brand, while Hotel Indigo, Even, Hualuxe, Kimpton, and Voco are newer lifestyle brands experiencing strong demand. The company launched a midscale brand, Avid, in summer 2017 and closed on a 51% stake in Regent Hotels in July 2018. It acquired Six Senses in February 2019. Managed and franchised represent 99% of total rooms. As of Dec. 31, 2021, the Americas represents 57% of total rooms, with greater China accounting for 18%; Europe, Asia, the Middle East, and Africa make up 25%. Click Here to get the full Stock Report for InterContinental Hotels Group PLC stock.