Despite better-than-expected results at the beginning of last month, Expedia Group dropped more than 8% right after their earnings conference call on weak forward guidance. However, the stock has erased almost all of its post-earnings losses in a month and is now faced with a critical test. The stock price is stalling near resistance around the $128 price level and I have a bearish options trade to capitalize on it.
Click here for the full disclaimer.Jeff Kilburg
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: