BKNG is trading at $4,060 (-4.9%) as the stock reverses its post-earnings rally amid broader market weakness and escalating geopolitical concerns.
- The stock initially climbed on a $48.80 EPS beat and 16% gross bookings growth, but momentum stalled as investors reassess valuations following Wednesday's 3.1% surge.
- Broader sentiment is pressured by a 0.27% dip in the S&P 500 and a 0.38% drop in the Nasdaq, fueled by AI revenue growth skepticism and record tariff levels.
- Geopolitical risks, including US-Iran tensions and potential Iran strait closures, are further weighing on the travel sector.