IHG Stock Summary and Trading Ideas (Intercontinental Hotels Group American Depositary Shares (Each Representing One Ordinary Share) | NYSE:IHG)

InterContinental Hotels Group operates 946,000 rooms across 19 brands addressing the midscale through luxury segments, as of Dec. 31, 2023. Holiday Inn and Holiday Inn Express constitute the largest brand, while Hotel Indigo, Even, Hualuxe, Kimpton, and Voco are newer lifestyle brands experiencing strong demand. The company launched a midscale brand, Avid, in 2017 and closed on a 51% stake in Regent Hotels in 2018. It acquired Six Senses in 2019 and launched another midscale brand, Garner, in 2023. Managed and franchised represent 99% of total rooms. As of Dec. 31, 2023, the Americas represented 55% of total rooms, with Greater China accounting for 19% and Europe, Asia, the Middle East, and Africa making up 26%.

Intercontinental Hotels Group American Depositary Shares (Each Representing One Ordinary Share) trades on the NYSE stock market under the symbol IHG.

As of April 19, 2024, IHG stock price declined to $97.39 with 97,573 million shares trading.

IHG has a beta of 0.95, meaning it tends to be less sensitive to market movements. IHG has a correlation of 0.22 to the broad based SPY ETF.

IHG has a market cap of $15.89 billion. This is considered a Large Cap stock.

In the last 3 years, IHG stock traded as high as $112.08 and as low as $47.06.

The top ETF exchange traded funds that IHG belongs to (by Net Assets): DFIC, APIE, FENI, DFAX, IDVO.

IHG has outperformed the market in the last year with a price return of +39.3% while the SPY ETF gained +21.2%. However, in the short term, IHG had mixed performance relative to the market. It has underperformed in the last 3 months, returning +4.0% vs +4.3% return in SPY. But in the last 2 weeks, IHG shares have fared better than the market returning -2.8% compared to SPY -3.5%.

IHG support price is $96.74 and resistance is $99.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IHG stock will trade within this expected range on the day.