New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 7, 2014
10:39 EDTPCLN, CTRPCtrip surges after increasing ties to Priceline
Shares of Chinese online travel agency Ctrip.com (CTRP) are jumping after the company expanded its partnership with Priceline (PCLN) and received a $500M investment from the U.S. online travel giant. WHAT'S NEW: Ctrip and Priceline last night announced that under an expanded agreement Ctrip's customers will be able to access all of Priceline's accommodations outside of Greater China, while Priceline's customers will be able to access Ctrip's over 100,000 accommodations within Greater China. Additionally, Priceline and Ctrip will offer their respective hotel inventory to each other on an enlarged scale with more favorable partnership terms, including an agreement to enhance promotional efforts, the companies said. Meanwhile, Priceline will invest $500M in Ctrip through a convertible bond and Ctrip has given Priceline permission to buy Ctrip's shares on the open market. As a result, Priceline will be able to obtain a stake of up to 10% in Ctrip, the companies reported. ANALYST REACTION: A number of analysts were very upbeat on Ctrip's outlook following the news. In a note to investors today, Oppenheimer analyst Ella Ji wrote that the new deal increases Ctrip's access to Priceline's worldwide inventories and offers more cross-promotion opportunities to Ctrip. The Chinese company's expanding overseas inventory will further enhance its leadership position in China, according to Ji, who kept an Outperform rating on Ctrip. Similarly, Fawne Jiang, an analyst at Brean Capital ,wrote that the deal further enhances Ctrip's leadership position in the Chinese online travel sector. The analyst continues to recommend investing in the stock and sees it as a core holding in the China Internet sector. Jiang kept a $74 price target and Buy rating on the shares. Meanwhile, research firm CLSA responded to the news by upgrading Ctrip two notches, to Buy from Underperform. The firm now has a $78 price target on the shares. PRICE ACTION: In mid-morning trading, Ctrip jumped 11.8% to $67.60 and Priceline gained 1.2% to $1296.44.
News For CTRP;PCLN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 26, 2014
10:14 EDTCTRPCtrip.com falls sharply after earnings, levels to watch
Subscribe for More Information
10:11 EDTCTRPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 21Vianet (VNET) downgraded to Hold from Buy at Canaccord... Agrium (AGU) downgraded to Underperform from Neutral at BofA/Merrill... Cinemark (CNK) downgraded to Hold from Buy at Topeka... Copa Holdings (CPA) downgraded to Neutral from Overweight at JPMorgan... Ctrip.com (CTRP) downgraded to Equal Weight from Overweight at Barclays... Cubic (CUB) downgraded to Hold from Buy at Needham... Helix Energy (HLX) downgraded at Morgan Stanley... Louisiana-Pacific (LPX) downgraded to Underperform from Sector Perform at RBC Capital... U.S. Silica (SLCA) downgraded to Market Perform at Wells Fargo.
09:46 EDTCTRPCtrip.com downgraded to Neutral from Buy at UBS
08:49 EDTCTRPCtrip.com downgraded to Equal Weight from Overweight at Barclays
Subscribe for More Information
07:19 EDTCTRPCtrip.com price target lowered to $64 from $74 at Brean Capital
Subscribe for More Information
07:05 EDTCTRPCtrip.com downgraded to Market Perform from Outperform at Raymond James
05:37 EDTCTRPCtrip.com price target lowered to $49 from $55 at Piper Jaffray
Piper Jaffray lowered its price target for Ctrip.com shares to $49 saying the company's Q4 margin outlook suggests increasing competitive pressure. Piper says its "unclear" when the margin pressure will ease and reiterates a Neutral rating on the stock.
November 25, 2014
17:02 EDTCTRPCtrip.com sees Q4 revenue growth approximately 30% YoY, consensus $315.3M
Subscribe for More Information
17:01 EDTCTRPCtrip.com reports Q3 adjusted EPS 36c, consensus 20c
Subscribe for More Information
November 24, 2014
09:10 EDTPCLNPriceline coverage assumed with an Outperform at Credit Suisse
Subscribe for More Information
November 21, 2014
16:34 EDTCTRPRoyal Caribbean, Ctrip.com announce joint venture through SkySea Cruises
Subscribe for More Information
10:47 EDTPCLNAmazon reported travel entry viewed positively by Piper's Munster
Subscribe for More Information
06:17 EDTCTRPCtrip.com initiated with an Overweight at HSBC
Subscribe for More Information
November 19, 2014
06:00 EDTPCLNStocks with implied volatility below IV index mean; PCLN NFLX
Stocks with implied volatility below IV index mean; Priceline (PCLN) 22, Netflix (NFLX) 29 according to iVolatility.
November 18, 2014
05:57 EDTPCLNStocks with implied volatility below IV index mean; PCLN NFLX
Stocks with implied volatility below IV index mean; Priceline (PCLN) 22, Netflix (NFLX) 30 according to iVolatility.
November 14, 2014
17:13 EDTPCLNAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
06:19 EDTPCLNStocks with implied volatility below IV index mean; PCLN NFLX
Subscribe for More Information
November 13, 2014
09:54 EDTCTRPCtrip.com rises 3.7% to $58.81 amid rumor of Baidu interest
Subscribe for More Information
06:05 EDTPCLNStocks with implied volatility below IV index mean; PCLN V
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use