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Starwood Hotels & Resorts Worldwide Shares Drops by -1.3%

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FT reports today hedge funds have increased their interest in Starwood Hotels & Resorts Worldwide, raising pressure on the owner of the Sheraton and W Hotels chains to split or sell itself

The company’s two largest shareholders are now hedge funds targeting to benefit from mergers and acquisitions activity, after John Paulson’s Paulson & Co took a 7 per cent shares in the second quarter.

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Och-Ziff, founded by Daniel Och, has also lately, recently added to its holdings and now controls 6 per cent.

Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) has lost 1.3% during the past week and dropped 11.95% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.96%. Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) has underperformed the index by 10.47% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

According to Insider Trading Report the company shares have dropped 8.53% in the past 52 Weeks. The company has received recommendation from many analysts. 4 analysts have rated the company as a strong buy. The shares have been rated as hold from 12 Wall Street Analysts. 9 analysts have suggested buy for the company. Starwood Hotels & Resorts Worldwide Inc. has dropped 10.35% during the last 3-month period . Year-to-Date the stock performance stands at -5.74%.

Read the full story at Insider Trading Report

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