Yahoo Finance Why Wyndham (WH) Stock Is Up Today
What Happened:
Shares of hotel franchising company Wyndham (NYSE:WH) jumped 9.5% in the afternoon session after the company reported second-quarter earnings results. Wyndham beat analysts' EPS expectations, though its revenue slightly missed. Moving on, the company maintained full-year revenue, and adjusted EBITDA guidance, while EPS guidance was slightly raised. Zooming out, we think this was still a decent, albeit mixed, quarter, showing the company is staying on track.
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What is the market telling us:
Wyndham's shares are not very volatile than the market average and over the last year have had only one move greater than 5%. In context of that, today's move is indicating the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
Wyndham is down 4.6% since the beginning of the year, but at $76.60 per share it is still trading close to its 52-week high of $81.29 from January 2024. Investors who bought $1,000 worth of Wyndham's shares 5 years ago would now be looking at an investment worth $1,336.
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