Expedia Soars Despite Grounded Flights; Sweetgreen Plunges; Wendy's Rallies
On this episode of Stock Movers:- Expedia (EXPE) shares rallied in the premarket session after the online travel agency’s results pointed to strong and resilient travel demand. The company raised its full-year gross bookings and revenue outlook, signaling that strong travel trends are continuing into the holiday quarter. Revenue for the year is now expected to increase 6.5% at the midpoint, up from 3% to 5% previously, the company said Thursday in a statement. Analysts expected a 4.6% rise, according to Bloomberg-compiled estimates- Sweetgreen (SG) shares plunged ahead of the US market…
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