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Expedia Stock Turns Volatile After Rally. Where Does It Go Next?
Submitted by Jennifer Ryan Woods. First Published: 3/20/2026.
Key Points
- Expedia shares more than doubled between April and January after a series of strong earnings reports, but the stock became volatile heading into its fourth-quarter results and fell further after the report as investors reacted to expectations for slower margin expansion.
- Analyst sentiment remains mixed, with the stock trading below its recent highs even as the average price target suggests roughly 17% upside.
- Expedia’s strong balance sheet, growing B2B business, and continued travel demand support the bullish case, but rising short interest, macroeconomic uncertainty, and concerns about margin growth suggest the stock could remain volatile even if the long-term outlook remains positive.
- Special Report: Elon's "Hidden" Company
Shares of online travel company Expedia Group (NASDAQ: EXPE) have run into turbulence. After more than doubling over the past year on a string of strong quarters, the stock reached a 52-week high in January.
Soon after, however, shares pulled back. The decline accelerated after the company released its fourth-quarter 2025 earnings on Feb. 12. While the stock has regained some ground since, trading remains volatile, leaving investors to debate whether the drop is a buying opportunity or a sign the rally has run out of steam.
Mixed Signals Leave Investors Uncertain
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Click here to see how to claim your SpaceX access codeInvestors are receiving mixed signals about Expedia's outlook. On the positive side, analyst price targets point to meaningful upside from current levels, and valuation metrics suggest the stock may still be attractively priced.
News that OpenAI abandoned plans to move directly into travel bookings helped ease some concerns about potential disruption to online travel agencies.
The company's fundamentals remain solid, with strong growth in its B2B and advertising businesses that management expects to continue into 2026. The balance sheet is also healthy, with more than $5 billion in cash and manageable debt.
That said, there are reasons for caution. Macroeconomic pressures — including geopolitical tensions, higher fuel costs and weak consumer sentiment — could weigh on travel demand. Investors are also watching whether Expedia can sustain margin expansion in the year ahead.
Strong Earnings Fueled the 2025 Rally
A wave of enthusiasm began after Expedia's stronger-than-expected second-quarter 2025 earnings, when the company returned to profitability amid rising bookings and advertising revenue. The consumer segment, which had shown weakness earlier, also began to stabilize.
Momentum picked up further after the third-quarter report, which again exceeded expectations across multiple business lines. Shares had already climbed about 68% between April and the Q3 release, then jumped more than 20% in the two days following the report as a wave of analysts raised their price targets. The rally continued into the end of 2025, with the stock gaining another 38% before reaching an all-time high of $303 on Jan. 9.
Profit Taking and Margin Concerns Trigger Pullback
After the peak, momentum cooled and some profit-taking set in. The decline intensified following Expedia's fourth-quarter results, even though the company posted double-digit growth in bookings and revenue and beat analyst estimates.
Investors focused on management's more conservative outlook for earnings before interest, taxes, depreciation and amortization (EBITDA) margin expansion in 2026 compared with the prior year. That cautious margin guidance pushed shares down roughly 12% in the sessions after the release.
Analyst sentiment is mixed — about 22 Hold ratings and 13 Buy ratings — but the average 12-month price target is roughly $281, implying about 17% upside from recent prices near $240.
Valuation Suggests Expedia May Still Be Cheap
Even after a more than 45% gain over the past year, Expedia looks inexpensive versus peers on several metrics. Its price-to-earnings growth (PEG) ratio of about 0.71 is lower than Booking Holdings (NASDAQ: BKNG) at 0.97 and Airbnb (NASDAQ: ABNB) at 1.55.
Expedia trades at a price-to-sales (P/S) ratio near 2.01, versus roughly 5.22 for Booking and 6.55 for Airbnb, and well below the broader internet commerce industry's average P/S of about 26. Its price-to-earnings ratio of roughly 24.5 is below Booking's 26.7 and Airbnb's 32.7, though slightly above the industry average of about 20.4.
Volatility Likely to Continue Despite Upside Potential
Valuation alone does not remove the risks. Macroeconomic uncertainty remains a chief concern: geopolitical tensions in the Middle East, rising fuel costs and weak consumer sentiment, especially among budget-conscious travelers, could all pressure bookings if conditions deteriorate.
Short interest has also been rising, with about 7.4% of Expedia's float sold short — the highest level since June 2021 — indicating a growing number of investors are betting on further downside.
Overall, Expedia's outlook is mixed. The company continues to demonstrate solid fundamental growth, its valuation looks attractive and analyst targets suggest upside. At the same time, slower margin expansion, macro uncertainty, a sharp prior run-up in the stock and rising short interest make near-term trading likely to remain choppy. For investors willing to tolerate that volatility, the recent pullback may present an opportunity, but the path forward is unlikely to be smooth.
Insider Selling: CRWV, DELL & FANG See +$100M in 2026 Sales
Submitted by Leo Miller. First Published: 3/18/2026.
Key Points
- After insiders sold billions in CoreWeave stock in 2025, the pace of their selling has dropped massively in the new year.
- A key private equity investor continues to wind down its DELL position, selling over $100 million worth of the stock in 2026.
- FANG shares are benefiting from increased oil prices, but a recent +$150 million insider sale has more to it than meets the eye.
- Special Report: Elon's "Hidden" Company
Huge names across the technology and energy sectors are seeing significant insider selling. But do these moves actually signal meaningful bearish sentiment for investors, or is there more going on beneath the surface?
CRWV Insiders Continue Dumping Shares, But Pace Moderates Drastically
First up is artificial intelligence (AI) neo-cloud company CoreWeave (NASDAQ: CRWV). Since going public almost a year ago, CoreWeave has been a strong performer. Compared with its IPO price of $40, the stock has roughly doubled. Still, shares have come under heavy pressure since the second half of 2025 and are now more than 50% below their all-time high closing price.
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After meeting Elon Musk face-to-face at a private gathering of Wall Street elites and months of my own research, I'm now staking my reputation on one date: March 26, 2026. That's when I believe Elon will announce the SpaceX IPO—what Bloomberg is calling the biggest listing of all time. I have found an access code that lets you grab a pre-IPO stake before it happens, but in 72 hours, your window could close.
Click here to see how to claim your SpaceX access codeA broad sell-off in high-flying stocks has contributed to the decline, and investors are weighing growth against profitability. Notably, revenues spiked 168% last quarter, but CoreWeave also reported its lowest adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margin since going public, with the margin declining by about 57%.
Insider selling has been a persistent theme. Since going public, MarketBeat has tracked more than $5 billion in CRWV insider sales.
Most of that selling occurred in 2025, though the roughly $300 million of insider sales recorded in 2026 remains material. Importantly, many of these sales were executed under predetermined Rule 105(b)(1) plans, which suggests insiders were not necessarily reacting to new information when they sold.
Large insider sales can still weigh on a stock and act as an overhang. That said, selling in Q1 2026 is down about 87% from $2.3 billion in Q4 2025, which is a constructive sign.
Private Equity Continues Offloading DELL Shares
Dell Technologies (NYSE: DELL) is a less flashy AI beneficiary than CoreWeave, but it has delivered strong gains. Over the past 52 weeks, Dell's total return has exceeded 60%.
In 2025 (Dell's fiscal 2026), the company recorded revenue growth of 19%, its fastest pace since fiscal 2018. Dell expects growth to accelerate to 23% this year and reports an AI-optimized server backlog of more than $34 billion. With that backlog and additional orders, the company projects AI revenue could double to $50 billion this year.
That said, Dell has also been the subject of sizable insider sales, largely from private equity investor Silver Lake Technology Associates.
Silver Lake sold more than $900 million of Dell stock in 2025 and has sold roughly $150 million so far in 2026.
Those sales align with the typical lifecycle of private equity funds, which often look to exit investments roughly 10 to 12 years after making them—Silver Lake first invested in Dell in 2013. That timing makes these sales less alarming than they might appear at first glance.
Silver Lake may simply be following its expected liquidation timetable rather than signaling diminished confidence in Dell's prospects. Still, the firm's ongoing sell-down maintains an overhang on the stock.
FANG Sees Almost $200 Million of Insider Selling as Oil Prices Explode
Finally, oil explorer and producer Diamondback Energy (NASDAQ: FANG) has also seen notable insider activity. Diamondback's shares have performed well over the past 52 weeks, delivering a total return of more than 25%. A surge in oil prices has helped—West Texas Intermediate (WTI) crude futures are up roughly 70% in 2026, and FANG is up over 20% year-to-date.
Insider selling has picked up alongside the oil rally. So far in 2026, MarketBeat has tracked more than $190 million in insider sales, versus about $52 million in all of 2025. Most of this activity was not conducted under predetermined 105(b)(1) plans.
Digging deeper, however, reduces some of the concern. Approximately $163 million of the sales came from SGF FANG Holdings, LP—and rather than selling those shares into the open market, SGF FANG sold them back to Diamondback.
In effect, Diamondback repurchased a significant number of shares. While large insider sales can be bearish, the company buyback offsets much of that pressure. SGF FANG's disposition also reduced its stake in Diamondback by only about 2%.
CRWV's Insider Sales Abate for Now
Overall, the insider selling at CRWV, DELL and FANG comes with important nuance that tempers the bearish interpretation. CoreWeave's insider sales still represent a headwind, but the sharp drop in selling volume is encouraging. Dell's sales by Silver Lake fit a private equity exit timetable and are less indicative of a deteriorating business outlook. And Diamondback's largest block sale was offset by a company repurchase.
These situations underscore why context matters: headline dollar amounts of insider selling can look alarming, but the underlying reasons—preplanned sales, fund lifecycles, or company buybacks—often tell a different story. Investors should keep monitoring these names, but the recent insider activity is not uniformly a clear bearish signal.
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