Benzinga - by Zaheer Anwari, Benzinga Contributor.
- Marriott International's stock performance in December highlights its resilience and growth, outshining the S&P 500.
- The company's stock has experienced a significant 50% increase in 2023, indicating a strong, ongoing upward trend.
Marriott International has experienced success in 2023, with its stock soaring by an impressive 50%. This growth is not merely a temporary surge but appears to be part of a larger, ongoing trend.
In April 2022, the stock reached its highest point at $195, only to experience a significant 32% decline over the next two months. However, in July 2023, the stock finally surpassed the $195 mark and reached $210, albeit with a subsequent 13% decline.
Their resilience is apparent in its impressive rally, resulting in a 25% increase and the establishment of new all-time highs. This pattern of recovery and growth is consistent with their history of forming strong, long-term trends.
For instance, from September 2013 to February 2015, the stock experienced an upward move of 111%. Similarly, between January 2016 and January 2018, the stock surged by an impressive 164%.
Marriott International's strong performance across various time periods demonstrates a resilient business model. With this impressive track record, the company's stock holds promising potential for substantial gains in 2024.
After the closing bell on Thursday, December 28, the stock closed at $224.08, trading down by 0.18%.
This article is from an external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.
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