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Updated · MarketWatch · May 6Marriott International stock rises for second straight day
11 articles · Updated · MarketWatch · May 6
- The shares gained 1.28% to $359.06 on Wednesday, with trading volume at 2.0 million, above the 50-day average of 1.5 million.
- Despite the advance, Marriott lagged the broader market as the S&P 500 rose 1.46% and the Dow Jones Industrial Average added 1.24%.
- The stock closed 5.51% below its 52-week high of $380 reached on 21 April, while hotel rivals Hilton and Hyatt outpaced Marriott's gain.
Will Marriott’s billion-dollar tech bet outpace the rising costs currently squeezing its profits? Can Marriott's growth strategy justify its premium stock price amid rising geopolitical and economic headwinds? With conflicting World Cup predictions, which hotel giant has placed the right bet on global travel demand?