NEW YORK, March 16, 2017 /PRNewswire/ --
For today, Stock-Callers.com highlights the following equities in the Services sector: RH (NYSE: RH), Extended Stay America Inc. (NYSE: STAY), Wyndham Worldwide Corp. (NYSE: WYN), and Hyatt Hotels Corp. (NYSE: H). According to a report on Investing.com, Services sector activity in the US unexpectedly strengthened in February, registering an 85th consecutive month of growth. Additionally, the Institute of Supply Management said that its non-manufacturing purchasing managers' index rose to 57.6 in February from the prior month's reading of 56.5. Learn more about these stocks by downloading their free research reports in PDF format at:
On Wednesday, shares in Corte Madera, California headquartered RH recorded a trading volume of 2.31 million shares, which was higher than their three months average volume of 2.14 million shares. The stock ended the day at $35.09, jumping 4.56% from the last trading session. The Company's shares have advanced 35.53% in the past month, 15.39% in the previous three months, and 14.30% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 21.12% and 13.30%, respectively. Furthermore, shares of RH, which together with its subsidiaries, engages in the retail of home furnishings, have a Relative Strength Index (RSI) of 65.15.
On February 23rd, 2017, RH announced that its Board of Directors has authorized a $300 million common share repurchase program. RH may purchase shares on a discretionary basis from time to time through open market purchases, privately negotiated transactions or other means, including through Rule 10b5-1 trading plans or through the use of other techniques such as accelerated share repurchases. Sign up and read the free research report on RH at:
Extended Stay America
Charlotte, North Carolina headquartered Extended Stay America Inc.'s stock climbed 0.30%, finishing yesterday's session at $16.66 with a total trading volume of 1.54 million shares. The Company's shares have gained 0.21% over the previous three months and 4.37% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.03% and 11.81%, respectively. Additionally, shares of Extended Stay America, which owns and operates hotels in the US and Canada, have an RSI of 48.93.
On March 06th, 2017, Extended Stay America and ESH Hospitality, Inc. announced the pricing of the underwritten secondary offering of 25,000,000 Paired Shares, each Paired Share consisting of a share of common stock of Extended Stay America, Inc. and a share of Class B common stock of ESH Hospitality, Inc., which are attached and trade together as Paired Shares. The Paired Shares were offered by certain selling stockholders affiliated with Centerbridge Partners, L.P., Paulson & Co. Inc. and The Blackstone Group L.P., which is expected to result in gross proceeds of approximately $421 million. The Company will not sell any Paired Shares in the offering and will not receive any proceeds from the offering. The complimentary research report on STAY can be downloaded at:
Shares in Parsippany, New Jersey headquartered Wyndham Worldwide Corp. ended the session 1.06% higher at $83.22. The stock recorded a trading volume of 855,259 shares. The Company's shares have gained 1.80% in the last one month, 7.80% over the last three months, and 8.97% in the previous one year. The stock is trading 3.35% above its 50-day moving average and 14.61% above its 200-day moving average. Moreover, shares of Wyndham, which provides hospitality services and products to individual and business customers worldwide, have an RSI of 56.05.
On March 13th, 2017, Wyndham Worldwide announced that it has been recognized as a 2017 World's Most Ethical Company® by the Ethisphere Institute. This is the third consecutive year and fifth time overall that the Company has received the designation by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. Register for free on Stock-Callers.com and access the latest report on WYN at:
At the closing bell on Wednesday, Chicago, Illinois headquartered Hyatt Hotels Corp.'s stock rose 1.38%, finishing at $52.21 with a total trading volume of 591,227 shares. The Company's shares are trading 0.10% above their 200-day moving average. Shares of the Company, which develops, owns, operates, manages, franchises, licenses, or provides services to full and select service hotels, resorts, and residential and other properties, have an RSI of 45.43.
On March 07th, 2017, research firm Morgan Stanley upgraded the Company's stock rating from 'Underweight' to 'Equal-Weight'.
On 13th March, 2017, Hyatt Hotels announced that a Hyatt affiliate has entered into a management agreement with Tokyo Bay Resort Development Co., Ltd, a subsidiary of Sogo Development Co., Ltd for a Hyatt Place hotel near Tokyo Disney Resort in Chiba, Japan. Upon its expected opening in 2019, Hyatt Place Tokyo Bay will be the country's first Hyatt Place hotel. Get free access to your research report on H at:
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