Stock performance

Since the merger received final approval on September 20, 2016, Marriott stock (MAR) fell 2.2%, while Starwood (HOT) stock rose 2.2%. All of the other hotel chains lost value during the same period. Intercontinental Hotel Group fell 5%, while Hyatt (H) fell 2.8%. Wyndham Worldwide fell 0.95%, while Hilton Group (HLT) fell 0.3%.

How Have Hotel Stock Prices Reacted to the Merger News?

However, since April 29, 2015, when Starwood first put itself up for sale, all of the hotel stocks have lost value. Wyndham (WYN) is the highest loser— it fell almost 26.5%. Hilton fell 24% and Intercontinental Group fell 21%. Marriott lost almost 18% of its value, while Starwood fell 7%.

Year-to-date performance

YTD (year-to-date), hotel stock performance is a mixed bag. Starwood emerged as the highest gainer. It rose almost 10% during the period. Hilton rose 6.3%, while Hyatt rose 7.7% during the same period.

All of the other hotels lost value. Intercontinental Group has lost almost 13.4% YTD. Wyndham lost 7.9%, while Marriott lost 1.3%.

The S&P SPDR 500 ETF Trust (SPY) tracks the S&P 500 index. SPY rose 4% YTD. The Consumer Discretionary SPDR ETF (XLY) tracks the performance of the consumer discretionary sector. XLY is flat at -0.2%.

Latest articles

Investors have been holding their breath for a Fed rate cut for a while now. But are they prepared in the event that that doesn't happen?

Innovative Industrial Properties (IIPR) continued to slump on July 22. The stock lost almost 6.8% of its value on the day.

22 Jul

Why AT&T Stock Is Down 2.2% Today

WRITTEN BY Ambrish Shah

AT&T stock (T) was trading at $32.14 with a 2.0% loss for the day. Earlier today, it posted a low of $32.08. Is the stock overvalued right now?

The Walt Disney Company’s (DIS) superhero film Avengers: Endgame has finally surpassed the record set by James Cameron’s Avatar.

22 Jul

Why Durect Corporation Is Soaring Today

WRITTEN BY Margaret Patrick

On July 22, Durect Corporation (DRRX) entered into a collaboration with HIV leader Gilead Sciences (GILD).

Pure Alpha, the flagship fund of Ray Dalio’s Bridgewater Associates, fell 4.9% in the first half, the Financial Times reported.