Shares of Choice Hotels International Under Pressure, Down 2.4%

Published on Tue, 03/03/2015 - 13:36
By Peter Chu in Market movers, CHH, choice hotels international, market movers, nyse:chh

Choice Hotels International (NYSE:CHH) is a company whose shares are active, trading 2.4% lower to $62.24. The Dow is down 0.6% to 18,183 and the S&P is currently down 0.6% to 2,104.

Choice Hotels International (NYSE:CHH) is currently priced 6.9% above its average consensus analyst price target of $57.95. The stock should discover initial support at its 50-day moving average (MA) of $58.95 and subsequent support at its 200-day MA of $52.53.

Choice Hotels International, Inc. franchises hotel properties. The Company franchises hotels throughout the United States, Puerto Rico, and the District of Columbia, as well as other countries. Choice Hotels' properties operate under the Comfort, Quality, Clarion, Sleep, Rodeway, Econo Lodge, and MainStay brand names.

Choice Hotels International share prices have moved between a 52-week high of $64.73 and a 52-week low of $43.42 and are now trading 43% above that low price at $62.24 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

By Peter Chu
pchu@fnno.com

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