Selina Becomes a Nickel Stock
Skift Take
Lodging stocks and the broader market traded and closed higher on Friday, but Selina decided to go its own way and closed at a new all-time low.
The DJIA jumped 307 points on Friday while Nasdaq was up 199, the S&P 500 rose 57 points, and the 10-year treasury yield was up .07 to 4.38%. Lodging stocks were higher. SLNA continued its plunge to a penny, down another -31% to nickel and a new all-time low. SOND, despite announcing a delisting warning notice from Nasdaq amidst late financial filings, was up another 9% on Friday. SOND is delaying filing its 10K from the year 2023. SOND said the warning notice has no impact on their current listing, and they continue to work towards filing their 2023 year-end financial report. TMGOC Ventures announced the completion of a multi-million dollar project to refresh and revitalize the Hampton Inn Bee Ridge Sarasota located in Sarasota, Florida. The hotel now features a transformed open-concept lobby with a new grab-and-go food marketplace, 121 updated guestrooms, more than 1,200 square feet of upgraded meeting space, and two meeting rooms. TMGOC also announced Lexima L
