Why Travel and Leisure Stocks Jumped on Thursday
Shares of travel and leisure stocks were up broadly on Thursday as investors piled back into the industry. The omicron variant-related sell-off last week appears to have been overdone and now investors are moving back into stocks that sold off.
Three of the most notable movers today were MGM Resorts International (NYSE: MGM), which was up as much as 7.6%, Marriott International (NYSE: MAR), which climbed as much as 7.1%, and Sabre Corporation (NASDAQ: SABR), which jumped 12%. The stocks were up 7.1%, 6.8%, and 10.8% respectively at 3 p.m. ET.
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Source Fool.com
