MakeMyTrip Stock Heads Into Holiday Weekend After Post-Earnings Drop
MakeMyTrip Ltd shares on Nasdaq finished Friday at $42.75, slipping 0.6%. That put the Indian online travel group's stock down on the week after a steep fall following its earnings. Shares jumped 3.8% Monday but tumbled 7.7% Tuesday, later clawing back some ground to close about 1.3% under their May 15 level of $43.30. Nasdaq will be closed Monday, May 25, for Memorial Day. That puts the first regular trading session for investors on Tuesday, when they’ll be able to react to last week’s earnings, peer results and the latest on holiday travel sentiment. Normal cash-equity trading on Nasdaq is 9:30 a.m. to 4:00 p.m. ET.