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Friday, November 8, 2024

Sunstone Hotel Investors Inc. (SHO:NYQ) shares down in week ending Oct. 1

Stock market 19 edited

Shares in Sunstone Hotel Investors Inc. (SHO:NYQ), based in Irvine, fell on Wall Street in the week ending Oct. 1.

The lowest share price reached in the week was $9.34 compared to a high of $9.98.

Sunstone Hotel Investors Inc. in Irvine employs 42 people and has reported $147,000,000 USD in income.

Despite a tumultuous year with the COVID-19 pandemic, the US stock market overall remained strong in 2021.

Tony Despirito at investment firm BlackRock said “Overall, companies have beat analyst expectations on both earnings per share and revenue growth. But the latter has been particularly strong.”

George Sweeney, a qualified financial advisor writing for The Motley Fool, cautioned the market will have to cool eventually, though it may not be a full crash as some predict.

“The market seems to flinch with any piece of news. My view is there could be a drop in the stock market...but only if there is some significant bad news or a global event.”

Nothing in this article is to be assumed as financial advice.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Share price of Sunstone Hotel Investors Inc. stocks in the week ending Oct. 1

DateShare Asking Price
Sept. 30$9.42
Sept. 28$9.91
Sept. 27$9.93

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