Craig A. Jacobson recently sold 6722 shares of the online travel company,
Expedia Group, Inc. This action is linked to a decrease in holdings by
Panagora Asset Management Inc. Since these sales, Expedia's stocks have seen a dip. The market was also negatively impacted by
Expedia's Q1 results and the
stock's weak performance in comparison to its competitor, Booking. This underperformance is ascribed to
Vrbo's disappointing performance, which has led to a lowered guidance for Expedia. Amidst this turmoil, Expedia earned a
neutral rating from Susquehanna and the company's Shares were also sold by
Robeco Institutional Asset Management B.V. Despite these challenges, Expedia Group revealed better-than-expected sales for Q1, spurring a slight gain in the market. However, disappointment over disappointing bookings led to a dip in Expedia's stocks once more. As a surprise, Expedia's CEO abruptly departed, further shaking the market confidence. Analyzing the bigger picture, Expedia’s growth since 2023 enhances its potential for recovery despite some bearish views as it navigates a challenging market. At present, however, a
more conservative trading approach can be observed.
Expedia Stocks EXPE News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sun, 19 May 2024 13:27:48 GMT -
Rating -8
- Innovation 0
- Information 7
- Rumor -1
