Why Expedia Stock Tumbled Today
Shares of Expedia (NASDAQ: EXPE) fell sharply today, after the online travel agency pulled its guidance Friday in response to the expanding coronavirus outbreak. The broader market plunge also weighed on the stock market, as the S&P 500 crashed 12% on fears around the pandemic, which has forced widespread closures of schools and businesses, and after the Federal Reserve's rate cut only seemed to rattle the market further.
Expedia, meanwhile, finished the session down 21.4%.
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Source Fool.com