Expedia's stock surged 5.25% during intraday trading on Thursday, reflecting a significant upward movement.
The sharp rise is primarily driven by market anticipation of the company's upcoming fourth-quarter earnings report. Expedia is scheduled to release its quarterly results, which are a key focus for investors assessing the travel company's financial performance and outlook.
Earnings announcements often serve as major catalysts for stock price movements, and the pre-report momentum indicates optimistic expectations among traders regarding Expedia's quarterly results.