Why Choice Hotels' Stock Has Rebounded [The Motley Fool]
Choice Hotels International, Inc. (CHH)
Last choice hotels international, inc. earnings: 2/18 08:12 am
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investor.choicehotels.com
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Source: The Motley Fool
Travel has been severely restricted by the stay-at-home orders throughout the country due to the coronavirus pandemic, butChoice Hotels International(NYSE:CHHIn the past month, the stock has climbed about % and is down about -8% for the year in trading on April 4, which is slightly outperforming its sector.Here's why the stock is moving back up.CEO and executives take salary cutChoice Hotels has made several moves to bolster its liquidity and reduce costs through this pandemic.In a business update released April 8, Choice Hotels CEO Patrick Pacious said:Given the broad-based uncertainty of the current environment, we have taken decisive actions over the past several weeks to position the company for changing market dynamics and enhanced our financial flexibility to sustain the long-term health of the business. ... We are confident in our ability to weather this storm, while supporting our franchisees as they navigate uncharted waters.Image Source: Getty ImagesOn the expense front, the
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CHH
News
- Choice Hotels International's Campaign Benefitting American Red Cross Hurricane Relief Efforts Raises Over $160,000 in Total from Choice Privileges Points Donations and Corporate Matching [Yahoo! Finance]Yahoo! Finance
- Choice Hotels International's Campaign Benefitting American Red Cross Hurricane Relief Efforts Raises Over $160,000 in Total from Choice Privileges Points Donations and Corporate MatchingPR Newswire
- CHH Stock Gains on New Cambria Openings and Groundbreakings [Yahoo! Finance]Yahoo! Finance
- Is Choice Hotels International (CHH) Outperforming Other Consumer Discretionary Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- Choice Hotels International, Inc. (NYSE: CHH) had its price target raised by analysts at Morgan Stanley from $134.00 to $141.00. They now have an "equal weight" rating on the stock.MarketBeat
CHH
Earnings
- 11/4/24 - Beat
CHH
Sec Filings
- 11/14/24 - Form SCHEDULE
- 11/13/24 - Form 144
- 11/13/24 - Form SC
- CHH's page on the SEC website