Hyatt Hotels Slashes Forecast on Hurricane Melissa Impact
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Hyatt Hotels Corporation (NYSE:H) has lowered its full-year guidance due to the impact of Hurricane Melissa, which has caused several property closures and cancellations. The stock is down 1.7% to $160.79 and is facing a potential third consecutive loss. Short interest has increased by 1.3%, with 14.3% of the equity's float sold short. Options traders are showing increased pessimism, with a 50-day put/call volume higher than 97% of annual readings, while near-term volatility expectations remain low.
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