The S&P 500 was falling almost 14 points, or 1.06%, to 1,302.
Shares of Expedia rose 5.71% to $45.15. The stock hit a 52-week high on Wednesday of $44.52. The stock's 52-week low of $22.44 was set on Oct. 4.
Expedia's stock trades at an estimated price-to-earnings ratio for next year of 13.2 times; the average for travel and tourism companies is 15.27X. For comparison, Priceline.com (PCLN) has a higher forward P/E of 16.64X.Thirteen of the 26 analysts who cover Expedia rate it at hold. Eleven analysts give the stock a buy rating and two rate it at sell. The stock has risen 55.68% year to date.
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