Chesapeake Lodging Trust (CHSP) Jumps: Stock Gains 8.6%
Chesapeake Lodging Trust CHSP was a big mover last session, as the company saw its shares rise almost 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $24.56 to $26.45 in the past one-month time frame.
The company has seen 1 negative estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Chesapeake Lodging currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
A better-ranked stock in the same space is Arbor Realty Trust Inc. ABR sporting a Zacks Rank #1 (Strong Buy).
Is CHSP going up? Or down? Predict to see what others think: Up or Down
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CHESAPEAKE LODG (CHSP): Free Stock Analysis Report
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