Shares of Vail Resorts Inc. MTN, -17.85% plummeted toward the biggest one-day selloff since they went public nearly 22 years ago, after the ski resort operator reported a wider-than-expected loss and a sales miss. The stock plummeted 19.6%, on track for a 9-month low. The previous biggest one-day loss during the financial crisis, when it plunged 17.3% on Nov. 14, 2008. The company went public in February 1997. The stock has now lost 26% year to date, while the S&P 500SPX, -2.33% has lost 1.3%.
Vail Resorts Inc. shares rose $0.75 (+0.34%) in after-hours trading Friday. Year-to-date, MTN has gained 6.95%, versus a 0.06% rise in the benchmark S&P 500 index during the same period.
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