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Why Booking Holdings Stock Fell 11% in January

TheMotleyFool

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Why Booking Holdings Stock Fell 11% in January

Shares of Booking Holdings (NASDAQ: BKNG) lost altitude last month as the online travel agency pulled back along with much of the broader travel industry over concerns about the novel coronavirus outbreak. According to data from S&P Global Market Intelligence, shares finished down 11%.

As you can see from the chart below, the stock's decline accelerated in the second half of the month as fears about the coronavirus rippled through the market, weighing broadly on stocks, specifically in the travel sector.