The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Expedia Group Inc shares valued at $379,188 were sold by Soliday Lance A on Feb 29 ’24. At $136.50 per share, Soliday Lance A sold 2,778 shares. The insider’s holdings dropped to 11,005 shares worth approximately $1.47 million following the completion of this transaction.
Also, Soliday Lance A sold 5,119 shares, netting a total of over 702,361 in proceeds. Following the sale of shares at $137.21 each, the insider now holds 10,880 shares.
Before that, KHOSROWSHAHI DARA had sold 10,000 shares from its account. In a trade valued at $1,500,419, the Director traded Expedia Group Inc shares for $150.04 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $28.84 million.
As published in a research note from BofA Securities on February 09, 2024, Expedia Group Inc [EXPE] has been rated down from a Buy to a Neutral and the price target has been revised to $156. Analysts at BMO Capital Markets started covering the stock with ‘”an Outperform”‘ outlook in a report released in early January. As of January 02, 2024, Wells Fargo has increased its “an Underweight” rating to a “an Equal weight” for EXPE. Earlier on December 27, 2023, BTIG Research resumed its rating. Their recommendation was “a Buy” for EXPE stock.
Analyzing EXPE Stock Performance
During the last five days, there has been a surge of approximately 1.93%. Over the course of the year, Expedia Group Inc shares have dropped approximately -12.23%. Shares of the company reached a 52-week high of $160.05 on 02/08/24 and a 52-week low of $126.05 on 02/09/24. A 50-day SMA is recorded $137.46, while a 200-day SMA reached $124.80. Nevertheless, trading volume fell to 1.69 million shares from 1.51 million shares the previous day.
Support And Resistance Levels for Expedia Group Inc (EXPE)
According to the 24-hour chart, there is a support level at 131.78, which, if violated, would cause prices to drop to 130.34. In the upper region, resistance lies at 134.45. The next price resistance is at 135.68. RSI (Relative Strength Index) is 46.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.34, which suggests the price will decrease in the coming days. Percent R is at 64.54%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Expedia Group Inc subject to short interest?
Stocks of Expedia Group Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.7 million shares to 6.01 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 5.31 million shares. A jump of 11.65% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.51 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.51.
