Diamond Resorts International Inc (NASDAQ:DRII)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $29.95, but opened at $29.99. Diamond Resorts International shares last traded at $30.09, with a volume of 1,151,729 shares changing hands.

Several equities analysts recently issued reports on DRII shares. 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 research report on Monday, June 20th. SunTrust Banks Inc. cut Diamond Resorts International from a “buy” rating to a “neutral” rating and dropped their price target for the company from $35.00 to $30.25 in a research report on Friday, July 1st. MKM Partners cut Diamond Resorts International from a “buy” rating to a “neutral” rating and boosted their price target for the company from $26.00 to $30.25 in a research 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 price target on the stock. in a research report on Wednesday, June 29th.

The stock’s 50-day moving average is $29.92 and its 200 day moving average is $23.99. The company has a market cap of $2.10 billion and a PE ratio of 15.43.

In related news, major shareholder Guggenheim Capital Llc purchased 1,260,008 shares of Diamond Resorts International stock in a transaction dated Friday, July 15th. The shares were acquired at an average price of $30.14 per share, with a total value of $37,976,641.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Lowell D. Kraff sold 7,200 shares of the stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $30.15, for a total transaction of $217,080.00. 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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