Why Expedia Group's Shares Jumped on Wednesday
Shares of Expedia Group (NASDAQ: EXPE) jumped as much as 6.6% in trading Wednesday, as travel data appeared to be indicating a rise in consumer activity. The market is up today, with the S&P 500 rising 1.3% as of 3 p.m. EDT today, so travel stocks like Expedia are following the broad trend moving stocks higher. The Transportation Security Administration (TSA) said that the number of travelers going through checkpoints hit 353,261 on Monday, the most since March 22, and more than triple the volume of April's lows.
