Today, a Director at Extended Stay America (NYSE: STAY), Richard Wallman, sold shares of STAY for $322.4K.
Following Richard Wallman’s last STAY Sell transaction on March 03, 2016, the stock climbed by 8.1%. This is Wallman’s first Sell trade following 3 Buy transactions.
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STAY’s market cap is $4.09B and the company has a P/E ratio of 48.73. Currently, Extended Stay America has an average volume of 1.71M.
Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $23.70, reflecting a -9.5% downside.
In the last 30 days, insiders have sold $352.2K worth of STAY shares and purchased $211.9K worth of STAY shares. The insider sentiment on Extended Stay America has been positive according to 48 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Extended Stay America, Inc. engages in owning and operating of hotels in North America. It operates through Extended Stay segment which focuses in lodging industry. The company was founded on July 8, 2013 and is headquartered in Charlotte, NC.
