Following these proceedings, Compass Point upgraded its Diamondrock Hospitality Co. [DRH] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in early January with a ‘”an Outperform”‘ rating. Wells Fargo also remained covering DRH and has decreased its forecast on December 08, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. Wells Fargo revised its rating on March 30, 2023. It rated DRH as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of DRH
On Tuesday, Diamondrock Hospitality Co. [NYSE:DRH] saw its stock fall -0.68% to $8.79. Over the last five days, the stock has gained 0.46%. Diamondrock Hospitality Co. shares have fallen nearly -6.39% since the year began. Nevertheless, the stocks have risen 10.15% over the past one year. While a 52-week high of $9.99 was reached on 02/23/24, a 52-week low of $7.33 was recorded on 08/12/24. SMA at 50 days reached $8.49, while 200 days put it at $8.84.
Levels Of Support And Resistance For DRH Stock
The 24-hour chart illustrates a support level at 8.62, which if violated will result in even more drops to 8.44. On the upside, there is a resistance level at 8.93. A further resistance level may holdings at 9.06. The Relative Strength Index (RSI) on the 14-day chart is 52.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.47%. Stochastics %K at 59.83% indicates the stock is a holding.
How much short interest is there in Diamondrock Hospitality Co.?
A steep rise in short interest was recorded in Diamondrock Hospitality Co. stocks on 2024-09-13, growing by 1.03 million shares to a total of 19.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 18.37 million shares. There was a rise of 5.3%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 05, 2022 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $10 price target.
