Diamond Resorts International Inc (NASDAQ:DRII) insider Lowell D. Kraff sold 231,842 shares of the stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $30.17, for a total value of $6,994,673.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Diamond Resorts International Inc (NASDAQ:DRII) traded down 0.13% during midday trading on Wednesday, reaching $30.13. The company’s stock had a trading volume of 1,238,979 shares. Diamond Resorts International Inc has a 1-year low of $16.19 and a 1-year high of $31.66. The company’s 50-day moving average price is $27.71 and its 200-day moving average price is $23.03. The company has a market capitalization of $2.10 billion and a price-to-earnings ratio of 14.16.
DRII has been the subject of several recent research reports. Zacks Investment Research raised Diamond Resorts International from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Monday, June 20th. Goldman Sachs Group Inc. downgraded Diamond Resorts International from a “buy” rating to a “neutral” rating and set a $32.00 price target for the company. in a report on Wednesday, June 29th. MKM Partners downgraded Diamond Resorts International from a “buy” rating to a “neutral” rating and increased their price target for the stock from $26.00 to $30.25 in a report on Thursday, June 30th. Finally, SunTrust Banks Inc. downgraded Diamond Resorts International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $35.00 to $30.25 in a report on Friday, July 1st.
Diamond Resorts International, Inc (DRII) is engaged in the hospitality and vacation ownership industry. The Company operates through two segments: hospitality and management services, and Vacation Interest Sales and Financing. Its hospitality and management services segment manages a network of resort properties and provides services to a member base across the world.
