A Look at Wyndham Stock Price History
Wyndham Worldwide is one of the world’s largest hotel companies. Headquartered in Parsippany, New Jersey, the company has more than 8,000 locations in 80 countries. As of 2023, the company is valued at approximately $7.5 billion. Wyndham’s stock price has seen its share of ups and downs over the years, with the stock currently trading at around $58 per share. In this article, we will take a look at Wyndham’s stock price history and analyze its performance since its initial public offering (IPO) in 2006.
Wyndham’s IPO in 2006
Wyndham Worldwide was formed in 2006 when Cendant Corporation spun off its hotel business. Before the spin-off, Wyndham was a division of Cendant. In July 2006, Wyndham held its initial public offering and was listed on the New York Stock Exchange (NYSE) under the ticker symbol “WYN”. The company initially offered 40.8 million shares at a price of $23 per share. Following the IPO, Wyndham’s stock price rose to $35 per share in October 2006. From there, the stock price steadily rose until it reached a peak of $60 per share in April 2007.
The Great Recession of 2008-2009
Like many other companies, Wyndham’s stock price was hit hard by the Great Recession of 2008-2009. The stock price fell from its peak of $60 to a low of $2.50 in March 2009. The company was struggling during this period, as demand for hotel rooms dropped significantly due to the economic downturn. Wyndham was forced to close some hotels and lay off employees as a result of the recession.
Recovery in 2010-2011
Wyndham’s stock price began to recover in 2010, when the economy began to improve. The stock price rose to $15 per share in 2010 and continued to climb until it reached a high of $45 per share in 2011. The company’s financial performance also began to improve during this period, as the demand for hotel rooms increased due to the improving economy.
Stagnation in 2012-2013
Wyndham’s stock price stagnated in 2012 and 2013, hovering around the $45 per share mark. The company experienced slow growth during this period, as the economic recovery had not yet fully taken hold. The company did manage to pay a dividend to shareholders for the first time in 2012, which helped to boost investor confidence.
Continued Growth in 2014-2017
Wyndham’s stock price began to rise again in 2014, as the economic recovery continued. The stock price rose to $70 per share in 2016, and then to an all-time high of $85 per share in 2017. The company’s financial performance also continued to improve during this period, as demand for hotel rooms remained strong.
Recent Performance in 2018-2023
Wyndham’s stock price has fluctuated over the past few years, but is currently trading at around $58 per share. The company has continued to experience strong growth, with revenue increasing by 10% in 2018 and by 8% in 2019. The company’s financial performance has also remained strong, with earnings per share increasing by 14% in 2020 and by 12% in 2021. Wyndham’s stock price is expected to continue to rise in the coming years as the company continues to grow.
The Bottom Line
Wyndham Worldwide’s stock price has been on a rollercoaster ride over the past few years. The stock price has seen its share of ups and downs, but is currently trading at around $58 per share. The company’s financial performance has remained strong, and the stock price is expected to continue to rise in the coming years as the company continues to grow. Wyndham is a great stock to invest in for long-term investors, as the company has a strong track record of growth and is well-positioned to continue to succeed in the future.