(Finance) – It moves at a loss Booking Holdingswhich is in sharp decline, showing a loss of 9.59% on previous values.
The fourth quarter closed with earnings per share of $32 higher than the $29.66 estimated by analysts. Revenue amounted to 4.8 billion against consensus estimates of 4.71 billion.
The forecasts released by the travel agency which estimates a slowdown in the growth of bookings for the first quarter contribute to weighing on the shares.
The technical scenario seen in one week of the stock compared to the index Nasdaq 100highlights a slowdown in the trend of online travel company compared toUS technology stock indexand this makes the stock a potential selling target for investors.
The short-term implications of Booking Holdings they underline the evolution of the positive phase at the test of the USD 3,647.3 resistance area. A descent to the bottom 3,459.1 is possible. A strengthening of the curve is expected upon testing new targets of 3,835.6.