Diamond Resorts (DRII) Falls: Stock Goes Down 5% - Tale of the Tape

Loading...
Loading...
Diamond Resorts International, Inc. DRII saw a big move last session, as the company's shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for DRII, as the stock is now down nearly 11% since Mar 11.

This slump shouldn't be too much of a surprise to investors, as this stock in the Resorts and Casinos industry has seen its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

Diamond Resorts currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same space include Carnival Corporation CCL, SFX Entertainment Inc. SFXE and Live Nation Entertainment, Inc. LYV. All these stocks carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>



CARNIVAL CORP CCL: Free Stock Analysis Report

DIAMOND RESORTS DRII: Free Stock Analysis Report

LIVE NATION ENT LYV: Free Stock Analysis Report

SFX ENTMT INC SFXE: Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...