Why Expedia Group's Shares Jumped on Wednesday
Shares of Expedia Group (NASDAQ: EXPE) jumped as much as 6.6% in trading Wednesday, as travel data appeared to be indicating a rise in consumer activity. Shares settled slightly midday, but were still up 5.2% at 2:35 p.m. EDT.
The market is up today, with the S&P 500 rising 1.3% as of 3 p.m. EDT today, so travel stocks like Expedia are following the broad trend moving stocks higher. But there's some potentially positive data as well.
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Source Fool.com
