Why Booking Holdings Is Sliding Today
Shares of Booking Holdings (NASDAQ: BKNG) were sliding 2% heading into midday trading Thursday, as the broader market was in a holding pattern with the Dow Jones Industrial Average essentially flat with a 4.8 point gain at 11:39 a.m. ET.
Shares of the online travel site have lost over a fifth of their value this year -- and 10% just this month -- as fears of a recession grow due to inflation running at 40-year highs and gas prices at record levels.
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Source Fool.com