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Share:
Booking Holdings Inc. (NASDAQ: BKNG) shares gapped down Thursday.
The company reported a first-quarter loss that was narrower than expected. The company posted a loss of $5.26 per share against a Street estimate of $7.26 per share. Revenue of $1.14 billion surpassed the estimate of $1.12 billion. The company s performance was likely hit by travel restrictions due to COVID-19.
Booking Holdings Daily Chart Analysis
The stock looks to have recently broken out of a bullish flag pattern and is looking to consolidate.
The stock is trading below the 50-day moving average (green), and above the 200-day moving average (blue). This indicates the stock is most likely facing a period of consolidation.