Here's Why Marriott International Was Rising on Monday
The stock market was having a mixed day on Monday, with the S&P 500 index modestly lower and the Dow Jones Industrial Average slightly higher at 3 p.m. EST. However, hotel operator Marriott International (NASDAQ: MAR) was outperforming the market handily, with shares up by about 6% for the day and hitting a fresh 52-week high.
It may seem odd that a hotel operator is reaching a new high today. After all, the hotel business is still running at a fraction of pre-pandemic business levels, and Marriott recently reported a 50% year-over-year revenue decline in 2020 and its first annual loss since the financial crisis era.
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Source Fool.com
