Selina Surges on First Day of Trading

• Lodging stocks had a good day, with Selina’s first day of trading leading the way, surging to a close of $40.90.
• Hersha Hospitality, Accor and Travel + Leisure reported results with TNL getting the worst reviews.
• Selina and BOA announced the closing of their business combination which was approved by BOA stockholders on October 21, 2022.

The DJIA rose 199 points while Nasdaq was down another 178, the S&P 500 fell another 23 points, and the 10-year treasury yield was down .08 to 3.94%. Lodging stocks had a good day, with Selina’s first day of trading leading the way, surging to a close of $40.90. Before the deal’s closing, BOA Acquisition was trading under $10 yesterday. SOND was up […]