FMR LLC's Strategic Reduction in Diamondrock Hospitality Co Holdings

Overview of the Recent Transaction On September 30, 2024, FMR LLC (Trades, Portfolio) executed a significant transaction involving the shares of Diamondrock Hospitality Co (DRH, Financial), a wellknown player in the REITs industry. The firm reduced its holdings by 12,399,040 shares, which resulted in a decrease of 99.90% from its previous position. This move adjusted FMR LLC (Trades, Portfolio)'s stake in Diamondrock Hospitality to a mere 12,284 shares, reflecting a minimal portfolio impact of -0.01%. The s ...