Weekly Market Movers: Insurance Brokers on Top; Resorts & Casinos Drop

March 16, 2020

Last week, the sentiment for the Insurance Brokers industry increased 34 points. Aon Plc and Willis Towers Watson Plc led the category with a sentiment score of 50 and 61 points respectively.

Top Industry: Insurance Brokers

Aon Plc announced last week that it would buy Willis Towers Watson Plc for $30 billion in an all-stock deal. After the purchase, Aon Plc’s company value would be put at about $80 billion, which also made the company the world’s biggest insurance broker. 

Flop Industry: Resorts & Casinos

Meanwhile, Resorts and Casinos was the worst-performing industry with a sentiment drop of 74 points. MGM Resorts International and Vail Resorts Inc ranked bottom. 

Yesterday, MGM Resorts decided to close its Las Vegas casino operations and its hotel operations starting from March 16 due to the COVID-19 pandemic. The company’s shares have lost 53% over the past three months and its sentiment during last week was -62 points.

Last week, Vail Resorts reported its Q2 FY2020 results with net income value at $206.4 million. The company also announced that it would withdraw the guidance for 2020 due to the growing uncertainty of the coronavirus’s impact on the remainder of fiscal 2020. The recorded sentiment for Vail Resorts Inc during the same time period was -40 points.

Notes:

1 Companies that contributed most to last week’s industry sentiment change.

2  Top trending event related to the respective company.

3  Weekly aggregated company sentiment score (ranging from -100 to +100).

4  Weekly aggregated company attention buzz (the percentage by which the number of news, blogs and tweets about an asset deviates from normal attention).

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