Big Losses in Lodging
A day after Marriott International (MAR) trimmed its outlook, the stock is taking a huge hit, down over 5.5% on its heaviest downside trade since last August. Today began with a deep gap-lower open that pushed shares to fresh monthly lows.
The stock has remained under heavy pressure all session and is now testing key short-term support near its June lows. This is a very damaging move that will likely carry Marriott lower in the coming weeks. The next key level is the stock's 200-day moving average near $34.50....154 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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