Why Booking Holdings Stock Was Sliding Today
Shares of Booking Holdings (NASDAQ: BKNG) were pulling back Tuesday in sympathy with rival online travel agency Expedia (NASDAQ: EXPE), shares of which fell sharply after it reported first-quarter earnings Monday night. The numbers themselves were better than estimates, but the market seemed to want more, especially as the travel market is expected to have a robust recovery this summer.
As of 3:17 p.m. ET, shares of Booking Holdings were down 3.9%, while Expedia stock was off by 13%.
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Source Fool.com