Why These 5 Stocks Are on the Move on Friday

In this article we take a look at five stocks that are moving on Friday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Are on the Move on Friday.

5. Expedia Group, Inc. (NASDAQ:EXPE) has surged 3.5% due to today’s rally in many travel related stocks as a result of the Merck antiviral news. According to data from a phase 3 study, Merck’s Molnupiravir could reduce the risk of hospitalization or death by approximately 50% compared to placebo for patients with mild or moderate COVID-19. Merck plans to seek regulatory approval in the U.S. for Molnupiravir as soon as possible. If travel returns to closer to normal faster, more people could potentially use Expedia Group, Inc. (NASDAQ:EXPE)’s services and the company could benefit. Of the around 873 elite funds in our database, 87 were long Expedia Group, Inc. (NASDAQ:EXPE) at the end of Q2.