Host Hotels & Resorts Inc. Stock Outperforms Competitors Despite Losses On The Day

Cornerstone Strategic Value Fund

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Company profile

Cornerstone Strategic Value Fund, Inc. (the Fund) is a closed-end, diversified management investment company. The Fund's investment objective is to seek long-term capital appreciation through investment primarily in equity securities of United States and non-United States companies. The Fund invests in various sectors, such as information technology, health care, consumer discretionary, financials, communication services, closed-end funds, industrials, consumer staples, exchange-traded funds (ETFs), materials, real estate, and others. The Fund invests in companies of all capitalization ranges. The Fund invests in common stocks and also invests in preferred stocks, rights, warrants and securities convertible into common stocks that are listed on stock exchanges or traded over the counter. The Fund also invests without limitation in other closed-end investment companies and ETFs. The Fund's investment manager is Cornerstone Advisors, LLC.

Host Hotels & Resorts Inc. Stock Outperforms Competitors Despite Losses On The Day

4:58 pm ET June 10, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Host Hotels & Resorts Inc. (HST) slipped 6.38% to $18.64 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 2.91% to 3,900.86 and Dow Jones Industrial Average falling 2.73% to 31,392.79. This was the stock's third consecutive day of losses. Host Hotels & Resorts Inc. closed $2.99 below its 52-week high ($21.63), which the company achieved on May 5th.

Despite its losses, the stock outperformed some of its competitors Friday, as Pebblebrook Hotel Trust (PEB) fell 7.22% to $21.19, RLJ Lodging Trust (RLJ) fell 7.11% to $12.67, and Diamondrock Hospitality Co. (DRH) fell 7.22% to $9.64.true Trading volume (11.4 M) eclipsed its 50-day average volume of 9.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 10, 2022.

(END) Dow Jones Newswires

June 10, 2022 16:58 ET (20:58 GMT)

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Host Hotels & Resorts Inc. Stock Outperforms Competitors Despite Losses On The Day