{"id":791234,"date":"2018-12-12T12:19:58","date_gmt":"2018-12-12T19:19:58","guid":{"rendered":"https:\/\/www.summitdaily.com\/?p=351849"},"modified":"2018-12-12T12:19:58","modified_gmt":"2018-12-12T19:19:58","slug":"vail-resorts-stock-took-epic-tumble-friday","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/ksmt\/local-news\/vail-resorts-stock-took-epic-tumble-friday\/","title":{"rendered":"Vail Resorts stock took epic tumble Friday"},"content":{"rendered":"<p><a href=\"https:\/\/www.vail.com\/\">Vail Resorts\u2019<\/a>\u00a0stock price tumbled down a double black diamond mountain Friday.<\/p>\n<p>The Broomfield-based ski resort operator\u2019s stock endured a record loss after the company released results for its most recent financial quarter that showed bigger than expected losses and slower than expected revenue gains for season pass sales.<\/p>\n<p>After opening the day at $258.60 per share, Vail\u2019s stock fell 17.85 percent during another rough day for the market, closing at $223.25. It was the biggest single-day price drop since Vail went public in 1997, outdoing a 17.3 percent drop on Nov. 14, 2008,\u00a0<a href=\"https:\/\/www.marketwatch.com\/story\/vail-resorts-stock-plunges-toward-biggest-ever-decline-after-quarterly-results-miss-expectations-2018-12-07\">according to Marketwatch.com<\/a>, a decline that came when the market was imploding due to the mortgage crisis.<\/p>\n<p>\u201cVail\u2019s recent acquisitions and new season-pass offerings aren\u2019t enough to sustain demand and will likely hurt its fiscal 2019 growth prospects,\u201d Bloomberg Analytics wrote in response the Vail\u2019s release, referencing summer buys that included\u00a0<a href=\"https:\/\/www.google.com\/search?q=vail+acquires+crested+butte&amp;oq=Vail+aquires+cre&amp;aqs=chrome.1.69i57j0.8280j0j7&amp;sourceid=chrome&amp;ie=UTF-8\">Crested Butte and three other U.S. resorts<\/a>.<\/p>\n<p>Read more from <a href=\"https:\/\/www.denverpost.com\/2018\/12\/09\/vail-resorts-stock-down\/\">The Denver Post<\/a>.<\/p>\n<p><a href=\"https:\/\/www.summitdaily.com\/news\/vail-resorts-stock-took-epic-tumble-friday\/\" target=\"_blank\">via:: Summit Daily<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vail Resorts\u2019\u00a0stock price tumbled down a double black diamond mountain Friday. The Broomfield-based ski resort operator\u2019s stock endured a record loss after the company released results for its most recent financial quarter that showed bigger than expected losses and slower than expected revenue gains for season pass sales. After opening the day at $258.60 per [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[99],"tags":[],"class_list":{"0":"post-791234","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-11 03:20:57","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KSMT The Mountain","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/ksmt","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/posts\/791234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/comments?post=791234"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/posts\/791234\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/media?parent=791234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/categories?post=791234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/tags?post=791234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}