What the Options Market Tells Us About Expedia Group
Portfolio Pulse from Benzinga Insights
Investors have shown a bullish stance on Expedia Group (NASDAQ:EXPE), as evidenced by significant options trading activity. Benzinga's options scanner revealed 8 notable trades, with a sentiment split between bullish and bearish. The trading focuses on a price band between $95.0 and $145.0. Analysts have set an average price target of $149.4 for EXPE, with various ratings from Neutral to Outperform. The stock's current trading volume is 2,923,830, with a recent price drop of -2.79%, indicating it may be oversold. An earnings announcement is expected in 86 days.
May 07, 2024 | 7:30 pm
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Expedia Group has seen a mix of bullish and bearish options trading, with analysts setting an average price target of $149.4. The stock's recent drop and high trading volume suggest it may be oversold.
The significant options trading activity, coupled with the stock being potentially oversold and the upcoming earnings announcement, suggests a positive short-term outlook for EXPE. Analysts' high price targets further support this view, indicating a potential rebound or continued interest in the stock.
CONFIDENCE 80
IMPORTANCE 90
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