Why Hilton Grand Vacations Stock Tanked on Monday

An earnings release that featured declines in headline numbers, plus a pricey asset buy, led investors to sell out of travel stock Hilton Grand Vacations (NYSE: HGV). The company's share price took a more than 8% hit on Monday, a notably worse performance than the 0.2% gain of the S&P 500 index. The more impactful of the two events was that asset buy, specifically Hilton Grand Vacations' deal to acquire peer company Bluegreen Vacations Holding (NYSE: BVH).