Analysts at Zacks Investment Research downgraded shares of Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) from Hold to Sell in a research note to investors today. With a rating of Sell on the stock, Starwood Hotels & Resorts Worldwide Inc. has a 52-week high of $84.37. The one-year price target of $78.94 is above the opening price of $75.86, that has caused a number of other analysts to comment on the stock in recent days. Downgrades occur when analysts believe that the future prospects for the security have diminished from the original recommendation, often because of a considerable and fundamental digression in the company’s operations, future direction or industry.
U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.
The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.
The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.
The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.
Yesterday Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) shares last traded at $76.90, which represents an increase of $1.81 compared to the previous closing price. Opening at $75.86, they ranged from $75.81 and $77.74 throughout the day.
Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) currently has a market cap of 13.04B.
The stock’s average daily volume is 1,621,780 shares out of a total float 168,583,000 and some 9,944,910 shares crossed the trading desk yesterday, 87 percent above the norm. Substantial increases in trading volume and price growth together could signal excessive volume aggregation by institutional investors.
While higher trading for short periods will not mean much, however, a trend of heavy trading volume on the buy side over a series of days or weeks expresses a positive signal to market traders that institutions may be moving in, so institutional sponsorship is critical.
Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Institutional investors such as these retain substantial teams of analysts researching thousands of stocks. Thus, watching their interests is a good way to make sure you are buying the right stocks.
By identifying trends, moving averages allow investors to make those trends work in their favor and increase the number of winning trades.
With that in mind, Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) now has a 50-day MA of $77.44 and 200-day MA of $77.13. It has traded in a 52-week range between $56.87 – 84.37 and today’s last price is 0.09% lower than the 52 week high of $84.37.
Indeed, earnings growth is among the most important things to look at in regards to stock investing and, accordingly, investors identify companies that have raised their earnings at least 25% or more for the past 3 years.
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