Bulletin
Investor Alert

New York Markets After Hours

Market Pulse Archives

Aug. 17, 2021, 12:20 p.m. EDT

Online travel booker stocks fall amid growing concerns over surging COVID cases

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    ETFMG Travel Tech ETF (AWAY)
  • X
    S&P 500 Index (SPX)
  • X
    Expedia Group Inc. (EXPE)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of online travel services companies were broadly lower Tuesday, with many hitting multi-month lows, as a continued surge in new COVID-19 cases fueled fears of potential travel restrictions. The ETFMG Travel Tech ETF /zigman2/quotes/216415466/composite AWAY -1.90% dropped 3.5%, and has shed 7.5% amid a 4-day losing streak, putting it on track for the lowest close since Dec. 23, 2020, as 32 of 34 equity components lost ground. In comparison, the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.28% declined 0.9%. Among some of the ETF's online-booker components, shares of Expedia Group Inc. /zigman2/quotes/202291990/composite EXPE -1.76% slid 1.7%, TripAdvisor Inc. /zigman2/quotes/206118480/composite TRIP -2.95% dropped 3.0%; Despegar.com /zigman2/quotes/201115213/composite DESP +5.44% slumped 6.4% and Trivago N.V. /zigman2/quotes/205613957/composite TRVG -0.93% tumbled 8.0%, all toward six-month lows, while Booking Holdings Inc. /zigman2/quotes/203576210/composite BKNG +0.16% slipped 1.1%, but was above the July 19 closing low of $2,067.55. Shares of Travelzoo /zigman2/quotes/208830603/composite TZOO +5.07% , which provides travel information, declined 5.3%, and Sabre Corp. /zigman2/quotes/200765742/composite SABR +0.35% , which provides travel-booking technology, lost 1.4%. Elsewhere, the U.S. Global Jets ETF /zigman2/quotes/207744796/composite JETS -0.58% shed 2.6%, and has lost 6.1% amid a four-day losing streak, while cruise operator Carnival Corp.'s stock /zigman2/quotes/202325446/composite CCL -1.25% lost 3.2%, and has dropped 8.0%, also amid a 4-day loss streak.

/zigman2/quotes/216415466/composite
US : U.S.: NYSE Arca
$ 22.70
-0.44 -1.90%
Volume: 309,445
Jan. 24, 2022 4:00p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,410.13
+12.19 +0.28%
Volume: 3.89B
Jan. 24, 2022 5:04p
loading...
/zigman2/quotes/202291990/composite
US : U.S.: Nasdaq
$ 171.35
-3.07 -1.76%
Volume: 4.02M
Jan. 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$26.43 billion
Rev. per Employee
$379,005
loading...
/zigman2/quotes/206118480/composite
US : U.S.: Nasdaq
$ 26.68
-0.81 -2.95%
Volume: 5.19M
Jan. 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$3.80 billion
Rev. per Employee
$299,307
loading...
/zigman2/quotes/201115213/composite
US : U.S.: NYSE
$ 9.89
+0.51 +5.44%
Volume: 494,739
Jan. 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$610.55 million
Rev. per Employee
$75,436
loading...
/zigman2/quotes/205613957/composite
US : U.S.: Nasdaq
$ 2.14
-0.02 -0.93%
Volume: 1.47M
Jan. 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$773.82 million
Rev. per Employee
$268,188
loading...
/zigman2/quotes/203576210/composite
US : U.S.: Nasdaq
$ 2,349.62
+3.76 +0.16%
Volume: 584,120
Jan. 24, 2022 4:00p
P/E Ratio
256.48
Dividend Yield
N/A
Market Cap
$96.33 billion
Rev. per Employee
$453,941
loading...
/zigman2/quotes/208830603/composite
US : U.S.: Nasdaq
$ 9.11
+0.44 +5.07%
Volume: 46,636
Jan. 24, 2022 4:00p
P/E Ratio
25.56
Dividend Yield
N/A
Market Cap
$106.28 million
Rev. per Employee
$260,737
loading...
/zigman2/quotes/200765742/composite
US : U.S.: Nasdaq
$ 8.64
+0.03 +0.35%
Volume: 14.30M
Jan. 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$2.78 billion
Rev. per Employee
$199,436
loading...
/zigman2/quotes/207744796/composite
US : U.S.: NYSE Arca
$ 20.74
-0.12 -0.58%
Volume: 12.14M
Jan. 24, 2022 4:00p
loading...
/zigman2/quotes/202325446/composite
US : U.S.: NYSE
$ 19.74
-0.25 -1.25%
Volume: 52.16M
Jan. 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$22.43 billion
Rev. per Employee
N/A
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.