Marriott Vacations Worldwide Corporation ( (VAC) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Marriott Vacations Worldwide Corporation’s stock is on the rise due to Morgan Stanley’s adjustment of its price target, reflecting new industry data. The firm pointed to potential stabilization in revenue per available room (RevPAR) trends, thanks to interest rate cuts and improved hotel development. Additionally, the company’s issuance of $575 million in senior notes for debt management has caught investors’ attention.
More about Marriott Vacations Worldwide Corporation
YTD Price Performance: -20.36%
Average Trading Volume: 430,648
Technical Sentiment Signal: Strong Sell
Current Market Cap: $2.35B
For further insights into VAC stock on TipRanks’ Stock Analysis page.
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