Just CEO being sick at the wrong time. At the year end, someone has to take some loss for tax purposes. No matter CEO sick or not sick. Ackman hold too much of this. He still holds nearly 9% of this company stock after selling 5 million shares.
Should move up after market opening. Best quarter ever of the company. Guidance does not include the the positive impact from tripadviser deal. US booking only counts roughly 12%, it should not impact the bottom line that much. The bright spot is China as mentioned in the CC. THe stock should close around 1400 today due to the sell-on-news activity.