New York State Teachers Retirement System offloaded 16,572 shares of
Expedia Group, Inc. Speculative interests grew around potential Uber buyout of Expedia, causing its stock to spike. An Expedia stake worth $1.5M was sold by an insider. Amid better-than-expected Q2 outcomes, the Expedia stock, defying travel demand warning, leapt up. Several fund groups including
Forsta AP Fonden and
Mediolanum International Funds Ltd have recently upped their Expedia stakes. With a massive 14.7% surge within a month, analysts debate whether it's time to buy, hold or sell the stock. Underperforming S&P 500, Expedia stock prices have been volatile, with
Bank of America raising its price target to $166.00. Insiders have sold substantial Expedia shares, signaling potential weaknesses. Notwithstanding, hedge funds rank Expedia high among travel and leisure stocks. As optimism over profit beat overshadows warnings, Expedia heralds the recovery of global tourism. However, certain hold ratings and the company’s conservative accounting approach have tempered enthusiastic projections. Meanwhile, the Q2 2024 earnings call transcript leaves room for interpretation on future performance.
Expedia Stocks EXPE News Analytics from Thu, 08 Feb 2024 08:00:00 GMT to Sat, 02 Nov 2024 08:44:11 GMT -
Rating 7
- Innovation 3
- Information 5
- Rumor -1
