Since early November, Vail Resorts’ stock (MTN) has not been a great performer in the larger travel and leisure universe.
While the stock market is up nearly 10% since October, Vail Resorts’ stock is down 15%, meaning the stock is underperforming by close to 25 percentage points.
The problem looks to be unique to Vail Resorts in the travel and leisure sector as other big travel stocks appear to be doing fine. Carnival Cruise Lines was $23.01 on Nov. 1, and on Friday it was $21.90. Marriott Hotels is basically flat in that time, and Hilton, like the market overall, is up slightly during that time. Six Flags parks are up slightly in that time, as well.
Source: VailDaily
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