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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