STAY - Extended Stay America Inc.: The Winning Streak Continues (STAY)
Extended Stay America Inc. (NASDAQ:STAY) traded at a new 52-week high today of $20.28. So far today approximately 733,000 shares have been exchanged, as compared to an average 30-day volume of 2.9 million shares.
Over the past year, Extended Stay America Inc. has traded in a range of $10.64 to $20.28 and is now at $20.20, 90% above that low.
Extended Stay America Inc. owns and operates hotels in North America. It operates in the extended-stay lodging industry in two segments: Owned hotels, and Franchise and management. Nearly all revenue comes from company-owned hotel properties throughout the United States. End customers include business travelers, vacation travelers, relocating persons, and temporarily displaced persons. Reservations are made directly on property, through a call center, online, and through third-party and travel agencies. All hotels operate under the Extended Stay America brand name.
There is potential upside of 14.9% for shares of Extended Stay America Inc. based on a current price of $20.20 and an average consensus analyst price target of $23.21.
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