Expedia’s stock rose 5.2% after expanding its partnership with Affirm to offer Buy Now, Pay Later services for its brands in the US, including Expedia, Hotels.com, and Vrbo. The move aims to provide travelers with more flexible payment options. Despite the initial surge, shares settled at $277.31, up 4.7% from the previous close. The market views this development as significant but not game-changing for Expedia. The company’s stock has experienced volatility, with 12 large movements in the past year. Expedia is currently down 2% for the year, trading near its 52-week high of $301.31.
In other news, the US announced potential tariffs on several European countries, causing a 3.5% drop in Expedia’s stock. The tariffs were intended to pressure Denmark over a potential sale of Greenland to the US. This announcement led to a significant downturn in US stocks, with the S&P 500 and Dow Jones falling more than 1.4%. The increased trade uncertainty, coupled with rising Treasury yields, particularly impacted growth stocks like Expedia. Despite recent fluctuations, investors who bought $1,000 worth of Expedia’s shares 5 years ago would now have an investment worth $2,037.
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