Why Booking Holdings, Expedia, and Sabre Corporation Stocks All Popped 10% (Or More) Today
Stocks are hopping Monday, with shares of online travel agencies (OTA) holding company Booking Holdings (NASDAQ: BKNG) up a whopping 14% in noonday trading, and rival Expedia Group (NASDAQ: EXPE) doing even better -- up 16%. Sabre Corporation (NASDAQ: SABR), which operates a business-to-business...er, business...providing hotel, airline, and rental car inventory, pricing, and availability data to other OTA companies is performing best of all, up a staggering 19.5%!
Why all the optimism about travel in the midst of a pandemic -- and a pandemic-induced recession?
Image source: Getty Images.
Source Fool.com
