News For EXPE From The Last 14 Days Check below for free stories on EXPE the last two weeks.
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May 23, 2012
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| 12:18 EDT |  | EXPE |
| theflyonthewall.com: | On The Fly: Midday Wrap | | Stocks on Wall Street were lower by about 1.5% at midday, following the lead of markets in Europe and Asia. The weakness is again being attributed to growing concern over Greece and its ability, and possibly willingness, to remain in the euro. The market essentially ignored the better than expected U.S. new home sales data and the home price index report and instead continued the down trend which began a few weeks ago... ECONOMIC EVENTS: In the U.S., new home sales increased 3.3% in the month of April to a 343K annual rate, versus expectations of an increase of 2.1%. The House Price Index showed an increase of 0.5% for the month of March, versus expectations of an increase of 0.3%. In Europe, equities slumped badly and the euro tumbled to its lowest level versus the dollar since August 2010 ahead of an informal summit meeting Wednesday night planned by European leaders. Expectations are that German Chancellor Angela Merkel will hold a hard line against mounting pressure to consider joint eurobonds. In Asia, stocks fell as well, as the World Bank cut its grow forecasts for the Asia-Pacific region, including China, to 7.6% for 2012 compared to 8.2% last year... COMPANY NEWS: Shares of Dell (DELL) plunged $2.66, or 17.64%, to $12.42 after the company reported weaker than expected Q1 results and guided to Q2 revenue below consensus. The company's commentary on the challenging economic backdrop and how consumers have moved toward mobile devices and away from traditional PCs sunk peers as well, including Hewlett-Packard (HPQ), which is due to report after the close... MAJOR MOVERS: Among the notable gainers were PetSmart (PETM), up about 11%, following its "beat and raise" report, and Expedia (EXPE), up nearly 5%, after Piper Jaffray said in a note to investors that it raised it price target on shares, citing impressive growth in the number of people visiting the company's European website last month. Noteworthy losers included Qihoo 360 (QIHU), down almost 8%, following its quarterly report and the appointment of a new co-CFO, and Cree (CREE), down another 6%, as it slid for a second straight day and a Wunderlich analyst drew parallels between Cree and troubled solar energy company First Solar (FSLR)... INDICES: Near noon, the Dow was down 182.43, or 1.46%, to 12,320.38; the Nasdaq was down 42.45, or 1.50%, to 2,796.63; and the S&P 500 was down 19.17, or 1.46%, to 1,297.46. :theflyonthewall.com |
| | 11:14 EDT |  | EXPE |
| theflyonthewall.com: | Expedia rallies after Piper ups price target to $53 | | Online travel company Expedia (EXPE) is climbing after Piper Jaffray reported that the number of people visiting Expedia's European website grew explosively last month. Specifically, the number of unique visitors to 13 of Expedia's European domains surged 32% year-over-year in April, compared with just 7% in March, Piper said, citing data from comScore. Piper believes that the company's key metrics are improving more rapidly than investors expected. As a result, the firm has more confidence in the outlook for Expedia's international operations, and increased its price target on the stock to $53 from $44. The firm maintains an Overweight rating on the shares, which jumped $2.67, or 6.25%, to $45.38 in late morning trading. :theflyonthewall.com |
| | 06:15 EDT |  | EXPE |
| theflyonthewall.com: | Expedia price target raised to $53 from $44 at Piper Jaffray | | Piper Jaffray said it is more confident in the growth of Expedia's branded business following the release of April comScore data, which Piper said suggested a strong acceleration in the company's Europe based web traffic. The firm raised its price target for shares and reiterates an Overweight rating on the stock. :theflyonthewall.com |
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May 22, 2012
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| 07:59 EDT | | EXPE |
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May 18, 2012
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| 10:37 EDT |  | EXPE |
| theflyonthewall.com: | Sources: Kayak getting ready to ride IPO wave, AllThingsD reports | | According to sources, travel search company Kayak.com, which has been putting off plans to go public for over a year and a half, is getting ready for an IPO, AllThingsD reports. CNBC says Kayak could begin its roadshow as early as Monday and could be seeking up to $150M at a $1B valuation. TripAdvisor (TRIP), spun off from Expedia (EXPE) in December, has soared since its IPO, trading at $41 a share. Reference Link :theflyonthewall.com |
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May 15, 2012
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| 16:33 EDT | | EXPE |
| theflyonthewall.com: | Greenlight reports new stakes in CSC, Expedia | | :theflyonthewall.com |
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