BKNG is trading at $4466 (-3.1%) amid a sharp market decline and lingering pressure from a recent analyst downgrade.
- Tech sector weakness is being driven by Alphabet's AI capex concerns and a plunge in AMD, while rising jobless claims have fueled broader recession fears dragging down the S&P 500 and Nasdaq.
- Shares are seeing continued downside following yesterday's Citizens downgrade to Market Perform, with the stock currently trading below its previous close of $4607.