Marriott Hits 52-Week High as Wall Street Watches the Move
Marriott shares fell about 3% to $374.28 Friday afternoon, erasing gains from earlier in the week despite U.S. indexes hitting new highs. The stock lagged peers after reaching a 52-week high Wednesday. Investors cited valuation concerns, Middle East exposure, and weaker hotel sector performance. Market cap stood near $98.6 billion.