Shares in InnSuites Hospitality Trust (IHT:ASQ) fall 5.6% in week ending May 28

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Shares in InnSuites Hospitality Trust (IHT:ASQ), based in Phoenix, fell on Wall Street in the week ending May 28.

The lowest share price reached in the week was $2.34 compared to a high of $2.5.

InnSuites Hospitality Trust in Phoenix employs 120 people and has reported -$769,600 USD in income.

Despite a tumultuous year with the COVID-19 pandemic, the US stock market overall remained strong in 2021.

Tony Despirito at investment firm BlackRock said “Overall, companies have beat analyst expectations on both earnings per share and revenue growth. But the latter has been particularly strong.”

George Sweeney, a qualified financial advisor writing for The Motley Fool, cautioned the market will have to cool eventually, though it may not be a full crash as some predict.

“The market seems to flinch with any piece of news. My view is there could be a drop in the stock market...but only if there is some significant bad news or a global event.”

Nothing in this article is to be assumed as financial advice.

Share price of InnSuites Hospitality Trust stocks in the week ending May 28

DateShare Asking Price
May 27$2.36
May 26$2.34
May 25$2.42
May 24$2.48
May 23$2.5

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