Marriott International ( (MAR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Marriott International’s stock movement has been influenced by its recent Q3 earnings report, which revealed a modest 0.5% increase in revenue per available room (RevPAR). The company performed better internationally than in the U.S. and Canada. Despite mixed guidance for Q4, analysts have raised price targets due to higher-than-expected Q3 earnings and robust franchise fees. Marriott remains optimistic about future growth, citing its expanding global portfolio and new credit card partnerships as key drivers.
More about Marriott International
YTD Price Performance: -1.68%
Average Trading Volume: 1,390,490
Technical Sentiment Signal: Buy
Current Market Cap: $73.9B
For further insights into MAR stock on TipRanks’ Stock Analysis page.
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