Why Expedia Group Shares Plunged on Monday

Shares of online travel-booking platform Expedia Group (NASDAQ: EXPE) fell as much as 9.8% in trading Monday as investors continued to sell travel stocks. At 2:45 p.m. EDT today, shares were still down 9%.

Stay-at-home orders and restrictions on travel continue to expand, prolonging the timeline of any kind of recovery for the travel business. President Trump extended social distancing guidelines until the end of April, and experts said this weekend they expect the U.S. death toll from COVID-19 to be 100,000 to 200,000 people.

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Source Fool.com