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Home Inns & Hotels Management's Shares Popped for a While: What You Need to Know

By Anders Bylund | More Articles
October 3, 2011 | Comments (0)

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Chinese hotel chain operator Home Inns & Hotels Management (Nasdaq: HMIN  ) look downright cozy today, rising as much as 12.1% on heavy trading before falling back to a 2% overall drop.

So what: The stock fell 15% on Friday, and hopeful investors overshot the correction today. Home Inns did have some positive news over the weekend in closing the acquisition of a smaller rival, but that spot of sunshine didn't have enough muscle to sustain Monday's jump.

Now what: The midday announcement of a new U.S. Senate bill to pull American cash out of the Chinese economy may have sparked the downward move. Furthermore, global hotel chains such as Hyatt Hotels (NYSE: H  ) and Starwood Hotels & Resorts (NYSE: HOT  ) also dropped about 4% today, showing investor skepticism about the hospitality market amid a floundering global economy. Home Inns picked a bad day for a bounce.

Interested in more information about Home Inns & Hotels Management? Add it to My Watchlist.

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Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.


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Related Tickers

5/25/2012 4:00 PM
HMIN $20.46 Up +0.03 +0.15%
Home Inns & Hotels… CAPS Rating: **
HOT $53.38 Down -0.15 -0.28%
Starwood Hotels &… CAPS Rating: *
H $36.98 Up +0.40 +1.09%
Hyatt Hotels CAPS Rating: **

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