Why Shares of Vail Resorts Jumped 16.0% in May
Shares of Vail Resorts (NYSE: MTN) jumped 16% in May, according to data provided by S&P Global Market Intelligence, recovering some of what the stock lost in March and April. But even after the gain, shares are down 18% for the year.
May was a quiet month for Vail Resorts, but for the market overall it was eventful. Investors piled back into stocks in anticipation of the economy reopening and hopefully a strong recovery. Not surprisingly, a stock like Vail Resorts, which was hit hard during COVID-19 shutdowns, has performed well during the market bounce.
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Source Fool.com