Expedia Rises, Airbnb Gains, Sweetgreen Falls After Rating Downgrade
On this episode of Stock Movers:
- Expedia (EXPE) rises after the online travel agency’s results pointed to strong and resilient travel demand. Peer Airbnb (ABNB) also rallies after the company gave a better-than-expected outlook for the holiday quarter.
- Airbnb Inc. (ABNB) rises after issuing a better-than-expected outlook for the holiday quarter, with a recently launched “reserve now, pay later” feature helping fuel demand in the US.
- Sweetgreen (SG) falls after the restaurant chain cut its revenue guidance for the full year, missing the average analyst estimate. William Blair downgrades its rating on the stock.
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