Why Marriott International's Stock Fell by 11.5% in February
Shares in hotel chain Marriott International (NASDAQ:MAR) declined by 11.5% in February, according to data provided by S&P Global Market Intelligence. This pretty much erased all the gains that the stock chalked up during 2019, and it's now back at the same level as a year ago.
Marriott is one of many companies within the hospitality industry that are poised to get hit by the negative impact generated by the COVID-19 outbreak. Investors should note that the COVID-19 situation is still dynamic and fluid, but it has made stocks like Marriott much cheaper as it continues to disrupt businesses and industries.
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Source Fool.com
