Expedia Inc. (NASDAQ: EXPE) shares fell on Monday January 23 on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock and reiterated thier respective ratings.
Meanwhile, U.S. stocks flipped between small gains and losses in early trade on Monday.
The Dow Jones Industrial Average DJIA, -0.14% was off by 13 points, or less than 0.1%, at 19,815, with McDonald’s Corp MCD, -0.99% and General Electric CoGE, -0.95% leading the losses, down more than 1%.
The S&P 500 SPX, -0.18% slipped 2 point to 2,270, with five of the main sectors trading lower. The Nasdaq Composite COMP, -0.09% gained 4 points to 5,558.
Analysts at MKM Partners reiterated a Buy rating on shares of Expedia Inc. (NASDAQ: EXPE) in a reserach note to investors, making it one of the more closely watched stocks on Wall Street. MKM Partners currently has a rating of Buy on the shares. The one-year price target of $140.93 is above the opening price of $120.00, resulting a fair amount of other analysts to report on the stock in recent days. Looking back over the last 52 weeks, Expedia Inc. stock has a high of $133.55. Usually, after analysts give a “reiterated rating” report on a stock, they will subsequently issue sporadic revisions, often followed by a price target change.
Shares of Expedia Inc. (NASDAQ: EXPE) opened at $120.00 yesterday and traded in a range between, $119.72 and $120.70, and last traded at $119.74, a drop of $0.18 from the previous closing price.
Expedia Inc. (NASDAQ: EXPE) now has a market cap of 17.96B.
Expedia Inc. (NASDAQ: EXPE) Average Daily Trading Volume
192,158 shares crossed the trading desk yesterday, 32 percent lower than normal, out of a total float 120,097,000. lower than normal. Look for trading volume to pick up in the coming days as investors often use increases in trading volume to identify heavy volume accumulation or distribution by institutional investors.
While increased trading for short periods will not mean much will not mean much, conversely, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Institutional investors such as these have teams of analysts that research thousands of stocks. So watching their interests is a good way to ensure you are buying the right stocks.
Expedia Inc. (NASDAQ: EXPE) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.
Trades for Expedia Inc. (NASDAQ: EXPE) have ranged from $88.40 – 133.55, and the stock now has a 50-day MA of $117.67 and 200-day MA of $117.53. Today’s last price is 10.34%% below the 52 week high of $133.55.
Earnings growth is an important factor to research when buying stocks and investors identify companies that have grown their earnings at least 25% or more for a 3 year period.
DISCLOSURE: The views and opinions expressed in this article do not represent the views of the website. Readers should not consider statements made by the author as formal recommendations and should consult their financial adviser before making any investment decisions. To read our full disclosure, please see our terms and conditions page.