DiamondRock Hospitality Shares Edge Lower With Investors Watching DRH Metric
DiamondRock Hospitality Co. shares slipped Friday, though the hotel REIT posted a gain for the holiday-shortened week. The stock is trading close to a one-year high, and investors are trying to gauge how much positive news is already priced in. DRH ended Friday’s session at $10.99 on Nasdaq, slipping 1.61%. Shares hit $11.27 earlier in the day. Compared to last Friday’s close at $10.71, DRH is up about 2.6% over the four-session week. U.S. equity markets stayed closed Monday for Memorial Day. Nasdaq trades Monday through Friday, 9:30 a.m. to 4 p.m. Eastern.