Expedia Group's shares fell 5.5% in the US session so far today, one of the company's larger moves in six months, on volume running well below its usual pace.
Expedia Group (NASDAQ: EXPE), the online travel booking company, was down 5.5% at $284.19 by 8.28pm in London today. The shares have traded between $283.02 and $301.59 in the US session so far, and the price sits near the bottom of that range.
The fall leaves the shares 16.1% below their 52-week high and 51.6% above their 52-week low. They are up 0.9% for the year to date. Volume is running at less than half its 20-day average, so the move has come on light trading. Expedia has a market value of $34.68bn and sits in the travel services part of the consumer cyclical sector.
Expedia’s share price over the month to today, using daily closes plus the latest delayed quote for today
How unusual this is
Today’s move is the eighth-largest of the past 126 sessions, roughly six months of trading. A move of this size last came on the 23rd of September, 19 sessions ago, so it is a little under a month since the shares last moved this far in a day.
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In the news
A stock-rating article published at 5.14pm in London today cited concern about Expedia’s average revenue per booking. It was a general look at the stock and not an explanation of today’s fall.
Expedia is next scheduled to report results on the 4th of November.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
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