Active · established relationshipLatest completed snapshot · Jul 14 · 18:03 ET

MARKET-DISCOVERED GROUP

Lodging and REITs

THE TRADER READShared activity without a clean directional read

Price direction is split across 7 measured members. Capital-flow agreement is 27%, so the basket is not yet clean.

Price breadth3 up · 3 downRelative median unavailable

Capital-flow alignment27%Price breadth is not yet confirmed by flow

Activity nowHotActivity score 88/100 · lift 1.3×

Evidence depth1 episodeLow sample—context, not a validated playbook

EVIDENCE CLOCK

What happened, in timestamp order

0 timed events

TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.

No session event has enough timestamp precision to place on the clock.

2 earlier filing context receipts

THU, NOV 20MATW filing documented shared operating contextcredit / rates affecting interest expense · date precision only

THU, JUL 30ABG filing documented shared operating contextcredit / rates affecting interest expense · date precision only

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations

Price sequence unavailableA timestamped price sequence is unavailable.

RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast

WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

16/16 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across APLE, DRH, HAS, HST, MATW, PAG, PEB, PK, SHO, XHR.

credit / rates affecting interest expense

“The increase in interest expense reflected higher average interest rates, partially offset by a decrease in average borrowing levels in the current fiscal year.”
MATW 10-K · 2025-11-21

demand / volume

“These changes include changes in the rate of consumption or use of the Company's products due to economic downturns, volatility in currency exchange rates, and changes in raw material prices resulting from supply and/or demand conditions.”
MATW 10-K · 2025-11-21

demand / volume affecting revenue

“The second quarter of 2026 saw a sluggish start to new vehicle sales due to climbing gas prices; however, demand rebounded as consumers returned to the market likely boosted by lowering gas prices, manufacturer incentives and strength in the equity markets in the second quarter of 2026 despite the broader economic uncertainty.”
ABG 10-Q · 2026-07-31

CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

INNNot confirming

RLJ · text peer

SVCNot confirming

PK · text peer

HLTNot confirming

PK · text peer

CHHNot confirming

APLE · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately

MATWXHRHASABGSHOGPIAPLEPAGRLJARIDRHPEBPKIOSPHSTNEOG

15/16 active4 rising · 3 falling

MemberUnusual activityToday's moveRead now

MATWMatthews International Corporat

Most unusual · 100/100

—

Active; unclassifiedActive in 45.5% of observed group sessions

XHRXenia Hotels & Resorts, Inc.

Elevated · 93/100

—

Active; unclassifiedActive in 18.2% of observed group sessions

HASHasbro, Inc.

Elevated · 79/100

+0.0%

Flow divergenceActive in 9.1% of observed group sessions

ABGAsbury Automotive Group, Inc.

Elevated · 67/100

-0.2%

Active; unclassifiedActive in 27.3% of observed group sessions

SHOSunstone Hotel Investors, Inc.

Elevated · 55/100

—

Flow divergenceActive in 27.3% of observed group sessions

GPIGroup 1 Automotive, Inc.

Elevated · 53/100

-0.6%

Flow divergenceActive in 0% of observed group sessions

APLEApple Hospitality REIT, Inc.

Elevated · 51/100

+1.0%

Active; unclassifiedActive in 18.2% of observed group sessions

PAGPenske Automotive Group, Inc.

Elevated · 41/100

+0.1%

Active; unclassifiedActive in 9.1% of observed group sessions

RLJRLJ Lodging Trust

Elevated · 39/100

—

Active; unclassifiedActive in 36.4% of observed group sessions

ARIApollo Commercial Real Estate F

Elevated · 39/100

—

Active; unclassifiedActive in 0% of observed group sessions

DRHDiamondrock Hospitality Company

Elevated · 39/100

—

Active; unclassifiedActive in 18.2% of observed group sessions

PEBPebblebrook Hotel Trust

Elevated · 38/100

—

Active; unclassifiedActive in 0% of observed group sessions

PKPark Hotels & Resorts Inc.

Elevated · 34/100

-0.3%

Flow divergenceActive in 0% of observed group sessions

IOSPInnospec Inc.

Elevated · 34/100

—

Active; unclassifiedActive in 9.1% of observed group sessions

HSTHost Hotels & Resorts, Inc.

Elevated · 27/100

+0.5%

Flow divergenceActive in 27.3% of observed group sessions

NEOGNeogen Corporation

Quiet · 22/100

—

Watch / laggardActive in 18.2% of observed group sessions

View exact member values

TICKER	Company	Role now	Today	Observed history	Trader interpretation
MATW	Matthews International Corporat	Most unusual	—	45.5% of 11 sessions	Most unusual activity in this snapshot; performance direction may differ.
XHR	Xenia Hotels & Resorts, Inc.	Participating	—	18.2% of 11 sessions	Price participation is not yet confirmed by per-name flow.
HAS	Hasbro, Inc.	Participating	+0.0%	9.1% of 11 sessions	Price participation with distributing signed flow.
ABG	Asbury Automotive Group, Inc.	Participating	-0.2%	27.3% of 11 sessions	Price participation is not yet confirmed by per-name flow.
SHO	Sunstone Hotel Investors, Inc.	Participating	—	27.3% of 11 sessions	Price participation with distributing signed flow.
GPI	Group 1 Automotive, Inc.	Participating	-0.6%	0% of 11 sessions	Price participation with distributing signed flow.
APLE	Apple Hospitality REIT, Inc.	Participating	+1.0%	18.2% of 11 sessions	Price participation is not yet confirmed by per-name flow.
PAG	Penske Automotive Group, Inc.	Participating	+0.1%	9.1% of 11 sessions	Price participation is not yet confirmed by per-name flow.
RLJ	RLJ Lodging Trust	Participating	—	36.4% of 11 sessions	Price participation is not yet confirmed by per-name flow.
ARI	Apollo Commercial Real Estate F	Participating	—	0% of 11 sessions	Price participation is not yet confirmed by per-name flow.
DRH	Diamondrock Hospitality Company	Participating	—	18.2% of 11 sessions	Price participation is not yet confirmed by per-name flow.
PEB	Pebblebrook Hotel Trust	Participating	—	0% of 11 sessions	Price participation is not yet confirmed by per-name flow.
PK	Park Hotels & Resorts Inc.	Participating	-0.3%	0% of 11 sessions	Price participation with distributing signed flow.
IOSP	Innospec Inc.	Participating	—	9.1% of 11 sessions	Price participation is not yet confirmed by per-name flow.
HST	Host Hotels & Resorts, Inc.	Participating	+0.5%	27.3% of 11 sessions	Price participation with distributing signed flow.
NEOG	Neogen Corporation	Quiet / lagging	—	18.2% of 11 sessions	Not participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome

POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

Low structural sample

One continuous episode spans 11 active sessions; the independent episode sample remains low—context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support20 daysHow often the cohort identity was observed

Completed episodes1Separate periods of broad group activity

Active sessions11Completed session observations, not trades

2026-06-24 → 2026-07-1011 active sessionsNo name was active through every recorded session

MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS

MATW45.5% · 1 episode

RLJ36.4% · 1 episode

ABG27.3% · 1 episode

HST27.3% · 1 episode

SHO27.3% · 1 episode

APLE18.2% · 1 episode

DRH18.2% · 1 episode

NEOG18.2% · 1 episode

XHR18.2% · 1 episode

HAS9.1% · 1 episode

IOSP9.1% · 1 episode

PAG9.1% · 1 episode

ARI0% · 0 episodes

GPI0% · 0 episodes

PEB0% · 0 episodes

PK0% · 0 episodes