Expedia rises with market, positive analyst note

Expedia shares rose 70 cents, or 5.1 percent, to $14.41. On Monday, the stock fell $2.25, or 14.1 percent, to finish trading at $13.71.

In a client note, Thomas Weisel Partners analyst Jake Fuller said that besides his view on its outlook, the company has "favorable secular prospects, appealing long-term strategy and an excellent balance sheet."

The analyst noted that in the current economic environment there is risk to estimates for travel-related stocks. But a Monday call with Expedia investor relations "generally reaffirmed our confidence in the story and that management is charting the right course," he said.

Fuller holds an "Overweight" rating and $30 price target for the stock.