As volatility continues to affect U.S. markets, stocks swing on turbulent oil prices, concern over global growth hit banks, and tech stocks continue to drop. According to the New York Times article Tech Stocks Have Fallen Faster and Further Than Broader Market, “The Standard & Poor’s 500-stock index is down 9.4 percent this year. The index’s technology components are down about 12 percent, and the closely watched so-called FANG stocks — Facebook, Amazon, Netflix and Google — are down even further, falling 17 percent on average this year after an 83 percent rise in 2015.”
We decided to look at publicly traded companies in the vacation rental industry, which include Expedia (NASDAQ: EXPE), TripAdvisor (NASDAQ: Trip), Priceline (NASDAQ: PCLN), and Wyndham Worldwide (NYSE: WYN), to see a snapshot of how these stocks have performed over the trailing twelve months (TTM).
By Amy Hinote