Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Chinese travel agency Ctrip.com
So what: Ctrip.com wasn't the only stock in its sector to trade down today. Shares of Expedia
Now what: Prior to today's plunge, Ctrip shares were up more than 22% year to date, and the company was recently added to the Nasdaq 100. However, the company's shares are down more than 25% since the beginning of November. Watch for the stock to make more big moves based on the outlook for the global economy and air travel.
Interested in more info on Ctrip? Add it to your watchlist.
Fool contributor April Taylor does not own shares of the companies mentioned. priceline.com is a Motley Fool Stock Advisor selection. Ctrip.com International is a Motley Fool Hidden Gems recommendation. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.