Expedia In The Midst Of A Class Action Suit

Expedia (NASDAQ: EXPE), an online travel business, had seemingly mislead its investors with certain allegedly false statements, according to the Shareholders Foundation, Inc. In continuation with this, the Foundation further claims that the company’s stock price had been artificially inflated between Jul 27th 2012 and Jul 25th 2013. This news will be of interest to anyone who had purchased Expedia shares between the above mentioned dates. The above statement seems true considering the fact that Expedia’s stock price had declined over 30% to $45.7 on Aug 21st from Jul 25th. We stand cautious and we would also want to warn our dear readers to stay away from the stock till the time a verdict comes Expedia’s way.

To see Expedia’s latest stock price movement, click here (NASDAQ: EXPE)

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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