Hyatt Hotels Slashes Forecast on Hurricane Melissa Impact

Group 1 - Hyatt Hotels Corporation's stock is down 1.7% to $160.79 after the company lowered its full-year guidance due to damage from Hurricane Melissa, which affected seven properties and will lead to cancellations and closures until late 2026 [1] - The company maintains a 28.8% lead for the nine-month period and is projected to close 2025 with a modest 2.6% gain, but is currently facing a potential third consecutive loss [2] - Short interest in Hyatt has increased by 1.3%, with 6.14 million shares sold short, representing 14.3% of the equity's available float, indicating strong control by short sellers [3] Group 2 - Options traders are exhibiting a more pessimistic outlook, as indicated by a 50-day put/call volume of 1.37, which is higher than 97% of annual readings [3] - The security's Schaeffer's Volatility Index (SVI) is at 25%, placing it in the 4th percentile of its annual range, suggesting that near-term option traders are pricing in low volatility expectations [4]