As this happened, Stifel downgraded its Diamondrock Hospitality Co [DRH] rating to a Hold from a a Buy in a research note published on November 22, 2024; the price target was decreased to $10.25 from $10.75. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid November from “an Outperform” to “an In-line”. Compass Point also remained covering DRH and has increased its forecast on August 05, 2024 with a “Buy” recommendation from previously “Neutral” rating. Wolfe Research started covering the stock on January 10, 2024. It rated DRH as “an Outperform”.
Price Performance Review of DRH
On Tuesday, Diamondrock Hospitality Co [NYSE:DRH] saw its stock fall -1.35% to $8.79. Over the last five days, the stock has lost -1.90%. Diamondrock Hospitality Co shares have fallen nearly -2.66% since the year began. Nevertheless, the stocks have fallen -3.99% over the past one year. While a 52-week high of $9.78 was reached on 01/02/25, a 52-week low of $7.57 was recorded on 01/07/25. SMA at 50 days reached $9.20, while 200 days put it at $8.77.
Levels Of Support And Resistance For DRH Stock
The 24-hour chart illustrates a support level at 8.69, which if violated will result in even more drops to 8.59. 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 38.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.72%. Stochastics %K at 11.66% indicates the stock is a buying.
How much short interest is there in Diamondrock Hospitality Co?
A steep rise in short interest was recorded in Diamondrock Hospitality Co stocks on 2024-12-13, growing by 1.98 million shares to a total of 20.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 18.12 million shares. There was a rise of 9.83%, which implies that there is a positive sentiment for the stock.
