Expedia shares close lower on Wednesday, Mark Okerstrom appointed as new Chief Executive Officer

Mark Okerstrom, Expedia Incs (EXPE) current Chief Financial Officer, has reportedly been appointed as the companys new Chief Executive Officer following Dara Khosrowshahis leave earlier this week.

The shares of Expedia Inc closed lower for the third time in the past eight trading sessions on Wednesday. The stock went down 0.38% ($0.55) to $143.44, with the intraday high and the intraday low being at $145.16 and $141.91 respectively. In the week ended on August 27th the shares of the travel-booking company added 3.86% to their market value compared to a week ago, which marked the first gain in the past four weeks and also the best performance since the week ended on June 25th. The stock has extended its loss to 8.33% so far during the current month, following a 5.05% surge in July. The latter has been a fifth consecutive month of gains. For the entire past year, the shares of the NASDAQ-listed company fell 8.87%. The stock has gained 26.62% so far in 2017.

Khosrowshahi, who has served as CEO for twelve years, is to keep a seat on Expedias board of directors. Khosrowshahi has been named as the new CEO of Uber.

Meanwhile, Mark Okerstrom has been employed with Expedia for ten years now, while serving as Chief Financial Officer and Executive Vice President of operations during the past six years.

According to CNN Money, the 28 analysts, offering 12-month forecasts regarding Expedia Inc’s stock price, have a median target of $175.00, with a high estimate of $190.00 and a low estimate of $154.00. The median estimate is a 22.00% surge compared to the closing price of $143.44 on August 30th.

The same media also reported that 23 out of 32 surveyed investment analysts had rated Expedia Inc’s stock as “Buy”, while 8 – as “Hold”.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, today’s levels of importance for the Expedia stock are presented as follows:

R1 – $143.74
R2 – $144.04
R3 (Range Resistance – Sell) – $144.33
R4 (Long Breakout) – $145.23
R5 (Breakout Target 1) – $146.27
R6 (Breakout Target 2) – $146.73

S1 – $143.14
S2 – $142.84
S3 (Range Support – Buy) – $142.55
S4 (Short Breakout) – $141.65
S5 (Breakout Target 1) – $140.61
S6 (Breakout Target 2) – $140.15

By using the traditional method of calculation, the weekly levels of importance for Expedia Inc (EXPE) are presented as follows:

Central Pivot Point – $148.13
R1 – $153.00
R2 – $156.74
R3 – $161.61
R4 – $166.48

S1 – $144.39
S2 – $139.52
S3 – $135.78
S4 – $132.04