Why Expedia Group Stock Rose 12% in May
Expedia (NASDAQ: EXPE) shareholders outperformed a rallying stock market last month. The travel giant's stock rose 12% in May compared to a 4.5% increase in the S&P 500, according to data provided by S&P Global Market Intelligence. As a leading travel-booking site, Expedia was among the hardest hit when the COVID-19 pandemic sent airline and hotel traffic plummeting in March.