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Stock Market & Financial Investment News

News Breaks
July 31, 2014
14:48 EDTEXPEExpedia technical remarks ahead of earnings
In the past three months the shares have outperformed the broader averages, trading up 10.5% at peak. The trading range has largely been contained between $70 at the low and $80 at the high. With the shares near the top of the range and with a large short-base of approximately 10% of the float short, there would likely be a test to the life high at $82.36 on good news or guidance. Without resistance overhead, next objectives would be at $85 to $90. Calls show substantial open interest at the $85 and $88 strikes. If the results or guidance disappoint, then shares could test down to $76.26. Major support would be at the $70 area.
News For EXPE From The Last 14 Days
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January 23, 2015
09:03 EDTEXPEExpedia and Sabre announce Expedia's acquisition of Travelocity
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07:21 EDTEXPEDeutsche cautious on travel stocks into Q4 results
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January 20, 2015
14:09 EDTEXPEOrbitz 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 EDTEXPEOrbitz 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 EDTEXPEExpedia, 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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