Shares of Diamond Resorts International Inc (NASDAQ:DRII) saw unusually-high trading volume on Monday . Approximately 4,343,219 shares were traded during trading, an increase of 158% from the previous session’s volume of 1,681,397 shares.The stock last traded at $29.74 and had previously closed at $30.18.

DRII has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Diamond Resorts International from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Monday, June 20th. SunTrust Banks Inc. cut Diamond Resorts International from a “buy” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $30.25 in a report on Friday, July 1st. MKM Partners cut Diamond Resorts International from a “buy” rating to a “neutral” rating and increased their target price for the stock from $26.00 to $30.25 in a report on Thursday, June 30th. Finally, Goldman Sachs Group Inc. cut Diamond Resorts International from a “buy” rating to a “neutral” rating and set a $32.00 target price on the stock. in a report on Wednesday, June 29th.

The stock has a 50-day moving average price of $28.13 and a 200 day moving average price of $23.18. The stock has a market cap of $2.07 billion and a P/E ratio of 13.95.

In other news, insider Lowell D. Kraff sold 720,969 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $30.21, for a total transaction of $21,780,473.49. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David F. Palmer sold 630,004 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $30.14, for a total value of $18,988,320.56. The disclosure for this sale can be found here.

Diamond Resorts International, Inc (DRII) is engaged in the hospitality and vacation ownership industry. The Company operates through two segments: hospitality and management services, and Vacation Interest Sales and Financing. Its hospitality and management services segment manages a network of resort properties and provides services to a member base across the world.

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