Marriott is up five days in a row, gaining 1.59% and closing at $172.33

Published: January 26 2023, 07:11 GMT+0

Marriott is up five days in a row, gaining 1.59% and closing at $172.33

Yesterday at a glance: pronounced bullish sentiment in the market helped the hotels company to make a notable 1.59% gain yesterday, rising $2.7 and ultimately closing at $172.33.

  • Daily trading volume (1.82 million shares) was slightly above the current multiday average of 1.74 million.
  • Marriott International discloses 40 cents per share dividend to be paid on Friday, December 30th

The opening bell in 7 hours time follows yesterday's session in which Nasdaq closed at 11,300 having lost 0.18%. S&P 500 performed relatively strongly, finishing the day at 4,016.22. Marriott's gains were in line with the Consumer Cyclical sector which was up 0.389% as a whole.

The hotels and lodging company has managed to gain 14.81% so far this year despite trading at lows around $133.06 previously. So far this year, it has performed better than the Nasdaq by 6.64%. Marriott's market cap is currently $54.55 billion with an average daily trading volume of 1.74 million shares. Marriott International last reported revenue of $5.31 billion with an EPS of $1.69.

Marriott International disclosed a quarterly dividend of 40 cents per share on Thursday, November 10th that was paid on Friday, December 30th to all shareholders of record up until Wednesday, November 23rd. Based on current prices, the company's decision thereby provides Marriott International investors with an annual dividend yield of 0.928%.

A look at other consumer discretionary stocks also showed bullish price action as Walt Disney was up 2%. McDonald's traded at $273 after closing yesterday's trading day at $269.56 (up 1.28%). Amazon traded at $97.18 after closing yesterday's trading day at $96.32 (up 0.89%).

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