Why Expedia Stock Fell Today
Shares of Expedia (NASDAQ: EXPE) were down as much as 8% in midday trading Tuesday, as analysts cut their price targets for the online travel service, but it was able to regain ground heading into the market's close, with the stock ending down 4.4% for the day.
Overnight, a UBS analyst cut the travel agent's price target to $84 per share, down 16% from the previous $100 price level he set, following a Citigroup analyst who also lowered his price target to $80 the day before, though from a much higher $130-per-share level.
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Source Fool.com
