Retirement Systems of Alabama has decreased its holdings in Expedia, while
Sumitomo Mitsui Trust Holdings Inc. and other firms boost their stakes. Several companies, including
Oliver Luxxe Assets LLC and
MV Capital Management Inc., are also raising holdings in EXPE. However, State of Michigan Retirement System and State of Alaska Department of Revenue have sold Expedia shares, contributing to a slight increase in
short interest.Expedia's guidance cut and declared weakness in Vrbo led to tumbling of its stock. But
Benchmark maintains a 'Buy' rating, indicating faith in its long-term potential. Its Q1 earnings showcased better-than-expected sales, yet the unexpected CEO change and mixed Q4 results caused a dip in the share price. Market analysts warn of ongoing uncertainty for Expedia amidst fluctuating stock performance. Some suggest Expedia stock is undervalued and attractive for
value investors while others observe a shift towards broader gains in the stock market. Its shares corrected strongly after a favourable quarter, recovering from a five-month low and displaying increasing
relative strength.
Expedia Stocks EXPE News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sun, 07 Jul 2024 11:29:35 GMT -
Rating -1
- Innovation 0
- Information 5
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