Expedia Inc. EXPE shares are trading higher $11.58 at $138.64 in Friday's session. The catalyst for the rally to a new all time high $138.94) is a EPS Q3 beat of $0.03 on slightly lower revenue. After a sharply higher open ($136.17), ti retreated only $0.17 to $136 before resuming its rally. In premarket trading, the had wild range, bottoming at $122 and then rallied all the way to $149.75 before coming back into the $130 by the opening bell.
Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.
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