Choice Hotels International Inc. (NYSE:CHH) traded today at a new 52-week high of $122.26. So far today approximately 102,000 shares have been exchanged, as compared to an average 30-day volume of 251,000 shares.
Over the past year, Choice Hotels International Inc. has traded in a range of $75.04 to $122.26 and is now at $120.39, 60% above that low.
Choice Hotels operates 598,000 rooms across 13 brands addressing the economy and midscale segments. Comfort Inn and Comfort Suites are the largest brands (28% of the company's total domestic rooms), while Ascend and Cambria (6% of total domestic rooms) are newer lifestyle and select-service brands experiencing strong demand prior to COVID-19. Choice added its 13th brand with the launch of extended-stay brand Everhome in January 2020. Franchises are 99% of total revenue, and the United States represents 78% of total rooms.
Choice Hotels International Inc. has overhead space with shares priced $120.39, or 43.9% below the average consensus analyst price target of $214.78.
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