Why Did Booking Holdings (BKNG) Plunge 4.56%?

Generated by AI AgentAinvest Pre-Market Radar
Thursday, Jul 17, 2025 8:33 am ET1min read
Aime RobotAime Summary

- Booking Holdings fell 4.56% pre-market amid investor concerns over insider selling and market uncertainty.

- CEO Glenn Fogel sold 1,013 shares ($5.77M) and 43 additional shares under a 10b5-1(c) trading plan on July 15.

- Truist maintained a 'hold' rating with $5,630 target, reflecting cautious outlook due to insider transactions and broader market conditions.

On July 17, 2025,

experienced a 4.56% drop in pre-market trading, reflecting investor sentiment and potential market shifts.

On July 15, 2025, Glenn Fogel, the CEO and President of Booking.com, a subsidiary of Booking Holdings Inc, sold 1,013 shares of the company. This transaction, conducted under a 10b5-1(c) plan, involved selling shares at prices ranging from $5,642.82 to $5,766.71. The average price per share was $5,695.00, totaling approximately $5,769,035.00. Additionally, Fogel sold 43 shares on the same day, further contributing to the insider selling activity.

Truist Securities maintained its 'hold' rating for Booking Holdings, setting a target price of $5,630.00. This rating suggests a cautious outlook, potentially influenced by recent insider selling activities and broader market conditions. The insider transactions may have raised concerns among investors about the company's future prospects, leading to the pre-market decline.

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