Bears Check Into Host Hotels

Shares of Host Hotels & Resorts Inc. HST are falling sharply today, currently of 7.00% to $14.95. The stock is now hanging onto the 50-day moving average by a thread; if it were to break from there, the next downside target would be $12. Put action is heavy in the name today; the June $12.50 put was traded 1,555 times, the July $12.50 put traded 4,566 times, and the October $15 put traded 1,151 times. Volume on all strikes exceeded open interest, which suggests that new, bear positions were opened. Host Hotels & Resorts Inc. operates as a self-managed and self-administered real estate investment trust (REIT). The Company owns properties and conducts operations, through Host Hotels & Resorts, L.P.