Concerns Diverting Active Stocks Direction: Sunstone Hotel Investors (NYSE:SHO), Symantec (NASDAQ:SYMC)

Several matter pinch shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) [Trend Analysis], as shares surging 0.59% to $15.25 with a share volume of 1.93 Million. Sunstone Hotel Investors, Inc. (SHO) reported that sale of the 444-room Fairmont Newport Beach for a contractual gross sale price of $125.0 million, or approximately $281,500 per key. The sale price of $125.0 million represents a 16.0x multiple on 2016 Hotel Adjusted EBITDA of $7.8 million and a 5.2% capitalization rate on the Hotel’s 2016 net operating income.

The Sale resulted in an estimated net book gain of approximately $44 million and is estimated to increase 2017 taxable income by approximately $37 million. Robert Springer, Chief Investment Officer, stated, “We are pleased to announce the sale of the Fairmont Newport Beach which in 2016 produced RevPAR nearly 25% below our portfolio average. The Sale, which is consistent with our capital allocation strategy, monetizes an asset at an attractive valuation, increases our portfolio quality, RevPAR and near-term growth prospects and reduces near-term capital needs.” The stock is going forward its 52-week’s  low with 41.37% and moving down from its 52-week’s  high price with -2.80%. To have technical analysis views, liquidity ratio of a company was calculated 1.30 as evaluated with its debt to equity ratio of 0.44. The float short ratio was 4.37%, as compared to sentiment indicator; Short Ratio was 3.56.

Shares of Symantec Corporation (NASDAQ:SYMC) [Trend Analysis] runs in leading trade, it surging 0.10% to traded at $29.02. The firm has price volatility of 1.52% for a week’s  and 1.89% for a month. Its beta stands at 1.21 times. Symantec Corp. (SYMC) revealed that it has been positioned by Gartner, Inc. in the “Leaders” quadrant of the “Managed Security Services (MSS), Worldwide Magic Quadrant Report.” This is the 13th consecutive time that Symantec has appeared in the Leaders quadrant. Gartner “defines managed security services (MSSs) as ‘security event monitoring, or monitoring and management, of IT security controls and functions delivered remotely via shared services out of security operations centers (SOCs), not through on-site personnel.’” The report evaluated 16 different software vendors on 15 criteria and placed Symantec in the Leaders quadrant.

“We are honored to be recognized for the 13th time in the ‘Leaders’ Quadrant by Gartner for our end-to-end MSS solution,” said Mike Fey, president and chief operating officer at Symantec. “Our recent acquisition of Blue Coat enables us to expand the security advantage of our SOCs and top security analysts with leading technology which further expands our threat hunting solutions, broadens our visibility into cloud risks including gaps originating from rogue IT users and adds more intelligence to our behavioral analytics capabilities. With these additional solutions – including CASB and malware sandboxing/analysis – we are continuing our mission to provide solutions that meet the challenges of recently’s companies who operate in a hybrid of local and cloud generation environments.” Narrow down four to firm performance, its weekly performance was 2.15% and monthly performance was 13.94%. The stock price of SYMC is moving up from its 20 days moving average with 6.28% and isolated positively from 50 days moving average with 13.47%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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