Marriott maintains composure within $171.47 to $174.06 range

Published: May 27 2023, 05:35 GMT+0

Marriott maintains composure within $171.47 to $174.06 range

A quick look at yesterday: after ending yesterday at $171.66, the hotels company recovers back to $171.76 after dipping down to $171.47 earlier today.

  • Trading volume totalled 1.26 million which equates to around 77% of the stock's 21-day average yesterday.
  • Marriott International's board sets quarterly dividend of 52 cents per share to be paid on Friday, June 30th; annual dividend yield esimated at 1.21%.

With around 3 days until market open on the NASDAQ, yesterday's session was notable in that Nasdaq increased to 12,976, which is a 2.19% change. S&P 500 increased to 4,205.45, which is a 1.3% change. Marriott International was flat yesterday, while the Consumer Cyclical sector was up 0.255%.

The hotels company has gained 16.55% since its lowest print of $133.06 earlier this year. So far this year, it has been under-performing the Nasdaq by 3.84%. Currently, the hotels and lodging company has a market capitalization of $52.10 billion with an average daily trading volume of 1.63 million shares. Marriott International expected revenue of $5.41 billion with an EPS of $2.09.

Looking back, the firm's board declared a dividend of 52 cents per share on Friday, May 12th for all shareholders on record up until Friday, May 26th. Based on current prices, the move allows shareholders to receive an annual dividend yield of 1.21% this year to be paid on Friday, June 30th.

Meanwhile, mixed performances were seen by other consumer discretionary stocks as Amazon was up 4.44%. Tesla was up 4.72%. Lowe's traded at $206.52 after closing yesterday's trading day at $201.04 (up 2.73%).