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Expedia Holds On To Big Gains Following Q3 Beat

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Courtesy of Benzinga.

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Expedia Inc (NASDAQ: 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), it retreated only $0.17 to $136 before resuming its rally. In pre-market trading, the issue had wild range, bottoming at $122 and then it 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.

Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com

Posted-In: Technicals Intraday Update Movers Trading Ideas

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