Market Overview

Expedia Reaches Late November High And Retreats

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Expedia Inc (NASDAQ: EXPE) shares are trading lower by $0.52 at $122.74 in Friday's session. After Thursday's close, the company announced a Q4 EPS miss of $0.29 along with a slight beat for sales.

The volatility from the after-hours session has continued into the regular session. After a higher open, it rallied to $126.41 before reversing course. That level is just shy of its November 29 high of $1267.73.

The ensuing decline has taken the issue all the way to $120.50 before rebounding. That low coincides with a pair of lows from February 3 ($120.49) and February 6 ($120.50).

Posted-In: Technicals Intraday Update Movers Trading Ideas

 

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