Diamond Resorts (DRII) Falls: Stock Goes Down 5% - Tale of the Tape

By Zacks Equity Research,

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Diamond Resorts International, Inc. ( DRII ) saw a big move last session, as the company's shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for DRII, as the stock is now down nearly 11% since Mar 11.

This slump shouldn't be too much of a surprise to investors, as this stock in the Resorts and Casinos industry has seen its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

Diamond Resorts currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same space include Carnival Corporation ( CCL ), SFX Entertainment Inc. ( SFXE ) and Live Nation Entertainment, Inc. ( LYV ). All these stocks carry a Zacks Rank #2 (Buy).

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CARNIVAL CORP (CCL): Free Stock Analysis Report

DIAMOND RESORTS (DRII): Free Stock Analysis Report

LIVE NATION ENT (LYV): Free Stock Analysis Report

SFX ENTMT INC (SFXE): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: CCL , DRII , LYV , SFXE

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