Falling for six consecutive days, Marriott International ended the session at $158.77 (down 1.46%)

Published: March 19 2023, 12:46 GMT+0

Falling for six consecutive days, Marriott International ended the session at $158.77 (down 1.46%)

A quick look at Friday: during Friday's session, Marriott International Inc toiled and struggled for upward momentum before closing at $158.77. By the close, the the hotels company suffered a $2.36 or 1.46% loss.

  • Daily trading volume (2.15 million shares) increased, making up 115% of the 21-day average (1.87 million).
  • Marriott International's board sets quarterly dividend of 40 cents per share to be paid on Friday, March 31st; annual dividend yield esimated at 1%.

With the opening bell a day away, Friday's session was noteworthy in that Nasdaq fell 0.74% and reached 11,631. S&P 500 dropped by 1.1% to close at 3,916.64. Marriott closed lower Friday, with similar drops noticed throughout the Consumer Cyclical sector (down 0.647%).

This year has been a bright one for the hotels company after trading as low as $133.06 and going on to appreciate by 8.64% year to date. The Nasdaq has been doing worse in 2022, it has been passing it by 1.8%. The hotels company's market cap currently stands at $48.92 billion with an average daily volume of 1.87 million shares. Marriott last reported revenue of $43 million with an EPS of $1.96.

Looking back, the firm's board declared a dividend of 40 cents per share on Friday, February 10th for all shareholders on record up until Friday, February 24th. Based on current prices, the move allows shareholders to receive an annual dividend yield of 1% this year to be paid on Friday, March 31st.

Marriott International was not the only decliner in the consumer discretionary sector; Toyota went down to $133.48, losing 1.78% after it closed at $135.9 Friday. McDonald's lost 1.25% Friday and closed at $267.2. Walt Disney went down 1.16%, closed at $94.29.

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