Marriott Stock Rises Despite 32.61% Volume Drop Ranking 159th in Market Activity
On April 24, 2025, marriott international Inc. (MAR) saw a trading volume of $545 million, a 32.61% decrease from the previous day, ranking 159th in the day's stock market activity. The stock price rose by 2.82%, marking the third consecutive day of gains, with a total increase of 9.54% over the past three days.
Marriott International Inc. (MAR) has been in the spotlight recently due to several developments. The company's stock price reached an intraday high of $236.44 before closing at $229.97, up from its previous close of $220.59. This places MAR 25.22% below its 52-week high.
One significant development is the approval by USCIS for the EB-5 funded SpringHill Suites by marriott development by the Peachtree Group. This approval is expected to have a positive impact on Marriott's stock price, as it indicates strong investor confidence in the company's projects.
Additionally, Marriott's stock has been affected by the broader hotel industry outlook. Goldman Sachs downgraded stocks of major hotel chains, including Marriott, due to a weaker hotel outlook. This downgrade reflects concerns about the overall performance of the hotel industry, which could impact Marriott's stock price in the near term.
Ask Aime: What's behind Marriott's stock price rise despite a decline in trading volume?