|Day Low/High||63.10 / 63.59|
|52 Wk Low/High||53.65 / 71.02|
Ackman's fund bought the hotelier's stock in 2016 and cashed out the following year for a gain of about 30%.
The entire travel and leisure sector appears ripe for a correction.
The Euro Stoxx 600 Travel & Leisure index was down 1.13% Friday at 8:49 am in London, compared with a year-to-date rise of 4.78%.
The Holiday Inn owner reported slower-than-expected second-quarter revenue.
InterContinental Hotels rose to a record high after the Holiday Inn owner reported better-than-expected 2016 profits and boosted its dividend payment amid ongoing pressure from new entrants such as Airbnb
European stocks traded mixed Tuesday, with futures prices pointing to an uncertain open on Wall Street, as investors continued to focus on mounting regional political risks amid stronger-than-expected economic data
Banks threaten to leave the U.K., but tourists flock in.
They were starting to look weary even before the Brussels attacks.
Choice Hotels International Inc. (CHH) is fresh off a quarter where more of its rooms were occupied and room rates were higher than a year ago.
Markets in China defy gravity as the government’s interventions release the bulls and chain the bears.
In Wednesday's Analysts' Actions, TheStreet highlights three companies; Starbucks Corp (SBUX), AT&T Inc (T) and InterContinental Hotels Group (IHG).
While stocks continue to flirt with record highs, the markets aren’t expensive, given how low interest rates are, one strategist said.
Central banks are losing the fight to conquer this deflationary-recessionary track of the global economy.
Bad economic times call for prudent actions, such as parking assets in companies that serve provide food and shelter.