Expedia Looks Set to Be the Contrarian Trade of 2024
EXPEExpedia Group(EXPE) GuruFocus·2024-02-19 21:00

Expedia Group Inc. (EXPE, Financial) announced its full-year 2023 results earlier this month, and markets did not take kindly to developments in its earnings, with the stock dropping by 18% the day after earnings were announced. Management warned that the tailwinds in travel demand seen by the company so far in 2023 could be moderating globally in 2024, especially within air travel. But what really seems to have blindsided investors was news about Expedia's CEO, Peter Kern, stepping down from the company to ...