Booking Holdings (BKNG) stock price slips as oil spike rattles travel shares; what to watch next
Booking Holdings fell 0.7% to $4,209.26 in afternoon trading Monday as travel stocks lost $22.6 billion in value amid mounting flight cancellations and a surge in oil prices linked to the U.S.-Israel-Iran conflict. At least 4,000 flights were canceled in three days and crude jumped as much as 13%. Booking’s 25-for-1 stock split is set for early April, with a March 6 record date.