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Playa Hotels & Resorts (PLYA) Catches Eye: Stock Jumps 7%

Playa Hotels & Resorts N.V. PLYA was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 16.7% in the past one-month time frame.

The move came after the company announced the authorization of a share repurchase program worth $100 million.

The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Playa Hotels & Resorts currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.

Playa Hotels & Resorts N.V. Price

Playa Hotels & Resorts N.V. Price | Playa Hotels & Resorts N.V. Quote

Investors interested in the Hotels and Motels industry may consider a better-ranked stock like Belmond Ltd. BEL, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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