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Stock Market & Financial Investment News

News Breaks
July 23, 2014
11:24 EDTEXPE, AWAY, TRIP, PCLNIndustry data points to strong Q2 for online travel names, says Piper Jaffray
Piper Jaffray said its analysis of travel industry data and web and mobile traffic point toward a strong Q2 for online travel companies. Piper noted that web-traffic was generally favorable compared to its estimates for both Priceline (PCLN) and Expedia (EXPE), but added that traffic being driven to Priceline's Booking.com continues to push Expedia traffic down. The firm maintains Overweight ratings on Priceline, TripAdvisor (TRIP) and HomeAway (AWAY) and a Neutral rating on Expedia.
News For AWAY;PCLN;TRIP;EXPE From The Last 14 Days
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January 30, 2015
09:14 EDTEXPEExpedia Q4 revenue estimate raised to $710M, above consensus at ITG Research
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January 29, 2015
07:04 EDTPCLNPriceline February volatility elevated into Q4 and outlook
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January 27, 2015
09:06 EDTEXPEExpedia's Egencia expands partnership agreement with International SOS
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07:46 EDTEXPEStifel to hold a conference
2015 Senior Housing and Healthcare Real Estate Conference is being held in Dana Point, California on January 27.
January 26, 2015
12:08 EDTPCLNPriceline price target lowered to $1,235 from $1,360 at Atlantic Equities
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12:00 EDTEXPEExpedia resumed with a Neutral at Janney Capital
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January 23, 2015
09:03 EDTEXPEExpedia and Sabre announce Expedia's acquisition of Travelocity
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07:21 EDTPCLN, AWAY, EXPE, TRIPDeutsche cautious on travel stocks into Q4 results
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January 20, 2015
14:09 EDTPCLN, EXPEOrbitz jumps after Bloomberg says company may be exploring sale
Shares of online travel agency Orbitz Worldwide (OWW) are jumping after Bloomberg reported that the company is exploring the possibility of selling itself. In a note to investors on January 7, research firm FBR Capital wrote that the company could be acquired for over $10 per share, WHAT'S NEW: Orbitz is exploring a potential sale and private equity firms have expressed interest in acquiring the online travel agency, Bloomberg reported today. ANALYST VIEW: On January 7, research firm FBR Capital estimated that Orbitz could be acquired for $10.27 per share. The firm noted that a trade publication, Tnooz.com, had reported that Orbitz could be considering selling itself. Expedia (EXPE) and Priceline (PCLN) could each pay a premium of 30%-plus for Orbitz and still see their profits rise from the acquisition, FBR added. It kept a $9 price target and Outperform rating on Orbitz. PRICE ACTION: In mid-afternoon trading, Orbitz climbed 69c, or 7.5%, to $9.85.
13:51 EDTTRIP, EXPE, PCLNOrbitz draws private equity interest as sale explored, Bloomberg says
Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and "other Internet companies," according to Bloomberg, citing people with knowledge of the matter. Shares of Orbitz are up over 10% after the report, while several other names in the online travel space, such as Priceline (PCLN), Expedia (EXPE), and TripAdvisor (TRIP) are also moving. Reference Link
13:43 EDTPCLN, TRIP, EXPEExpedia, TripAdvisor tick higher after report on Orbitz sale exploration
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January 16, 2015
08:44 EDTEXPEExpedia may have to pay $180M for Travelocity, says FBR Capital
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07:21 EDTEXPESabre sale of Travelocity to Expedia would be win for both, says Oppenheimer
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