NEWS BUZZ:- Hilton Worldwide Holdings Inc (NYSE:HLT)

Hilton Worldwide Holdings Inc (NYSE:HLT) stock gained 2.38% and closed at 82.65 on Friday. The stock opened the session at $81.09 and touched its highest price point at $83.11. Its recent trading capacity is 2495183 shares versus to its average trading volume of 2830177 shares. The company’s stock’s lowest price point for the session stood at $81.09.HLT traded as low as $ 60.54 in the past 52 weeks, and shares hit its peak level to $88.11.

Country Garden Hotels Group and Hilton (NYSE:HLT) have reported a strategic partnership which will see numerous Country Garden hotel properties managed by Hilton, primarily with its DoubleTree by Hilton and Hilton Garden Inn brands.

The partnership, formalized during a signing ceremony in Shanghai with Hilton CEO Christopher J. Nassetta and the representative from Country Garden, sees an initial six hotels owned by Country Garden now trading as Hilton branded properties or in the pipeline. As one of China’s largest property developers, Country Garden has an existing portfolio of over 120 hotels in trading, under construction, and planning.

Nassetta said “Country Garden (2007.HK) is a widely admired property developer and we are thrilled to be extending our partnership with them”. “Ultimately, our goal is to provide exceptional experiences to our guests wherever they may be, and through this partnership, we have an opportunity to bring Hilton’s signature hospitality to even more locations across the country.”

A Country Garden Hotels Group representative said, “Country Garden, as the practitioner of China’s new urbanization process, has been striving to meet peoples’ demands for increased quality of education, tourism, and life as a whole.

Shares of Hilton Worldwide Holdings Inc. have been recently spotted trading -6.20% off of the 52-week high price. On the other end, company shares have been noted 36.52% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 60.54 – 88.11. Switching over to some distances from popular moving averages, we see that the stock has been recorded 2.35% away from the 50 day moving average and 7.94% away from the 200 day moving average. Moving closer, we can see that shares have been trading 0.37% off of the 20-day moving average. 163000 employees work in the Company. It has market cap of $24.25B and dividend yield of 0.73%.

  • Rocky Gerdes
    Before joining, Rocky Gerdes worked as a freelance writer. He has more than 10 years’ experience in journalism and public relations. His experience in public relations includes press releases, promotional materials, and working with media outlets. He also has professional experience writing news, technology, and business stories. Rocky learned CFA Level 2 from CFA Institute (USA). He has worked in diverse capacities from financial research to currency trading in a span of 3 years. Rocky covers Business news section. Email Contact: Rocky@stockdigest.info

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