Why Expedia Group Was Flying Higher This Week
The shares of bellwether online travel agency Expedia Group (NASDAQ: EXPE) were making like a powerful airliner and ascending this week. Following very encouraging quarterly results published late last week, several analysts published bullish takes on the stock in the subsequent days. Investors took these to heart, driving Expedia's price up by nearly 9% week to date as of Thursday evening, according to data provided by S&P Global Market Intelligence.
Expedia's climb actually started last week, following the publication of its fourth-quarter earnings last Thursday after market close. These revealed that the company's revenue rose by nearly 150% year over year to just under $2.28 billion, on gross bookings that advanced more than 130% to just under $17.5 billion.
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Source Fool.com
