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Why Expedia Stock Fell 18% in December

TheMotleyFool

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Why Expedia Stock Fell 18% in December: https://g.foolcdn.com/editorial/images/715868/vegas-resort-casinos-shot.jpg

Shares of Expedia (NASDAQ: EXPE) were pulling back last month as an analyst downgrade and increasing fears of a recession combined to push the stock lower.

According to data from S&P Global Market Intelligence, shares of the online travel agency finished December down 18%. As you can see from the chart, the stock fell over much of the month as the outlook for the discretionary travel sector soured in 2023.