Marriott's most recent trend suggests a bullish bias. One trading opportunity on Marriott is a Bull Put Spread using a strike $105.00 short put and a strike $97.50 long put offers a potential 6.38% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $105.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $7.05 would be incurred if the stock dropped below the $97.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Marriott is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Marriott is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for Marriott
Microsoft adding Marriott CEO, former Commerce Secretary to board
Mon, 16 Oct 2017 21:48:23 +0000
Microsoft on Monday revealed its newest board nominees: Marriott CEO Arne Sorenson and former U.S. Commerce Secretary Penny Pritzker.
Food services firm Aramark to buy Avendra, AmeriPride in $2.35 billion deal
Mon, 16 Oct 2017 05:20:06 +0000
Aramark said it would pay Avendra $1.35 billion, or $1.05 billion in net purchase price after adjusting for anticipated tax benefits. AmeriPride's purchase price of $1 billion came in at $850 million after adjusting for anticipated tax benefits, Aramark said. Separately, Marriott, which owns a 55 percent stake in Avendra, said it would receive about $650 million from the sale.
Avendra To Be Purchased By Aramark
Mon, 16 Oct 2017 04:40:00 +0000
BETHESDA, Md. , Oct. 16, 2017 /PRNewswire/ — Marriott International (NASDAQ: MAR) today announced that the owners of Avendra, LLC have reached a binding agreement to sell Avendra to Aramark (NYSE: ARMK) …
Marriott's (MAR) Sheraton Brand Expands its Presence in China
Fri, 13 Oct 2017 14:04:02 +0000
Continuing with its aggressive expansion efforts in China, Marriott (MAR) opened its second Sheraton property in Guangzhou.
The Ritz-Carlton, Koh Samui Opens, Capturing the Original Spirit of Thai Island Life
Fri, 13 Oct 2017 13:00:00 +0000
KOH SAMUI, Thailand, Oct. 13, 2017 /PRNewswire/ — Marking its first presence on the Eastern coast of Thailand, The Ritz-Carlton Hotel Company, L.L.C. is pleased to announce the newest addition to its collection of renowned global properties with the opening of The Ritz-Carlton, Koh Samui. Located on the tropical island paradise of Koh Samui on the Gulf of Thailand, The Ritz-Carlton, Koh Samui seamlessly combines the brand's legendary service with the traditional spirit of Thai hospitality and colorful Samui island life culture to create a unique melting pot of indelible new memories.
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