Shares of Vail Resorts (MTN) are moving lower amid a strike by the Park City Professional Ski Patrol Association, which the agency announced on December 27. The Ski Patrol Association said via Instagram: “Vail Resorts forced this walkout by bargaining in bad faith and repeatedly violating the National Labor Relations Act…We are asking all of you to show your support by halting spending at Vail Resorts properties for the duration of this strike. Do not purchase day tickets or food from Vail owned dining. Do not use Vail-owned rental shops or retail stores. Do not stay in Vail-owned hotels. Instead, buy and support local businesses! We did everything in our power to avoid this work stoppage. Our goal has been and continues to be to secure a fair contract.” Shares of Vail Resorts are down 6%, or $11.23, to $176.22 in midday trading.
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