Why Expedia Group Stock Rose 12% in May
Expedia (NASDAQ: EXPE) shareholders outperformed a rallying stock market last month. The travel giant's stock rose 12% in May compared to a 4.5% increase in the S&P 500, according to data provided by S&P Global Market Intelligence.
The rally added to April's gains and erased much of the 60% loss that shares had posted through early March. Yet Expedia stock is still trailing the market in 2020 through early June.
Image source: Getty Images.
Source Fool.com
