News surrounding Expedia Group, Inc. (NASDAQ:EXPE) notes a mixed perspective. D.A. Davidson & CO. sold 509 Expedia shares and Janney Montgomery Scott also cut their stake. Similarly, Expedia's stock suffered a decline following Q1 results, falling 11% this year. There was also notable critical commentary on Expedia's lower guidance due to weakness in its Vrbo travel platform. Some reports highlighted why the stock was trading lower on multiple occasions.
However, it was not all negative news. Kingsview Wealth Management and International Assets Investment Management made investments in shares of Expedia. Better-than-expected Q1 sales were also reported, although it seems to have had little positive impact on stock prices. Some reports suggest investors still see value in Expedia despite the declining share price. Predictions for the company remain conservative, espousing a 'hold' stance amid uncertainty and mixed Q4 results. The perceived resilient travel demand could potentially fuel a bounce back, with the stock earning a neutral rating from some analysts.
Expedia Stocks EXPE News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sun, 26 May 2024 13:18:03 GMT - Rating -3 - Innovation -1 - Information 7 - Rumor 0
