Shares of hotel real estate investment trust (REIT) Ashford Hospitality Trust (NYSE: AHT) rose roughly 12.5% in June according to data from S&P Global Market Intelligence . That sounds great at first blush, but the truth is it also fell just over 30% from the highs it achieved early in the month. So, depending on your time frame, June could have been a good month or a terrible one.
The big story with Ashford Hospitality is really the volatility of the stock. The shares were in rally mode when June began, rising as much as 60% before turning around and plummeting so that the gain was limited to just 12.5%. There wasn't much news out of the company during the month, beyond a couple of media appearances. But there was something telling in that, noting that, in a June 15 interview, CEO Rob Hays highlighted reaching out to shareholders via Twitter because the majority of the stock was owned by retail investors.
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Why Ashford Hospitality Trust Rose 12.5% in June