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Stock Market & Financial Investment News

News Breaks
July 3, 2014
07:10 EDTPCLN, OWW, EXPEIATA report positive for online travel sector, says Oppenheimer
Oppenheimer says the International Air Transport Authority released its monthly passenger market report for May, showing international growth up 7.0% with Asia Pacific leading the regions at 7.3%. All regions except Africa experienced positive traffic growth with Europe up 6.1% and the U.S. up 4.4%. Opco views the report as a positive data point for the online travel sector and keeps Outperform ratings on Priceline (PCLN) and Expedia (EXPE) and a Perform rating on Orbitz (OWW).
News For PCLN;EXPE;OWW From The Last 14 Days
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July 1, 2015
14:50 EDTPCLNPriceline, OnStar partner on hotel booking service for drivers
OnStar, a wholly owned subsidiary of GM (GM), and priceline.com, a part of The Priceline Group (PCLN), have partnered to offer drivers the service of booking hotels while traveling. OnStar Guidance plan subscribers in the U.S. and Canada can now secure a stay via OnStar's new AtYourService feature. Advisors can verbally provide information on hotel availability, cost, amenities and ratings and then book a hotel reservation for the subscriber through priceline.com and download those directions to the vehicle's navigation system.
10:28 EDTEXPEOptions with increasing implied volatility
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07:47 EDTEXPEExpedia waiving certain clauses in deals with European hotel partners
The Expedia group announced that it intends to waive certain clauses in its agreements with its European hotel partners.A number of European competition authorities are currently investigating rate, conditions and availability parity clauses in certain online travel agency agreements with hotels. Expedia has worked closely and constructively with these authorities and the European Commission and today announced that it is waiving its rate, conditions and availability parity clauses with its hotel partners for a period of five years in line with Clauses 1.1, 1.2 and 2.1 of the formal commitments offered by Booking.com and accepted by the national competition authorities in France, Italy and Sweden in April 2015. The changes announced today apply to all hotel properties in Europe and affect consumers booking via Expedia’s sites worldwide. Expedia’s waivers will become effective as of August 1 and Expedia will contact its hotel partners in Europe individually to communicate this announcement and how it intends to implement the changes announced today.While Expedia maintains that its current rate, conditions and availability parity clauses are lawful and in compliance with competition law, Expedia considers that today’s announcement is a positive step towards facilitating the closure of the open investigations into such clauses on a harmonised pan-European basis.
June 30, 2015
11:07 EDTEXPE, PCLNPriceline rises after analysts highlight positive travel trends
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08:05 EDTPCLNPriceline July volatility increases as shares pullback
Priceline July weekly call option implied volatility is at 27, July is at 25, August is at 29; compared to its 52-week range of 17 to 39, suggesting large near term price movement.
07:41 EDTPCLN, EXPEOnline travel trends point to solid Q2, says Piper Jaffray
Piper Jaffray analyst Michael Olson said analysis of travel industry trends through May point to a "solid" second quarter for online travel, noting his belief that Priceline (PCLN) has the most favorable risk/reward in the space given the stock's underperformance so far this year. In addition to an Overweight rating on Priceline, Olson keeps an Overweight on HomeAway (AWAY) and TripAdvisor (TRIP), but has a Neutral rating on Expedia (EXPE), citing its relative valuation.
07:07 EDTPCLNPriceline checks positive, says Cantor
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June 25, 2015
07:12 EDTEXPEExpedia Q2 trends positive, says Cantor
After conducting checks, Cantor says that hotel rates in Europe and the U.S. are improving, while Internet metrics look favorable for Expedia. The firm keeps a $120 price target and Buy rating on the stock.
June 24, 2015
07:03 EDTOWWOrbitz offers complimentary TSA PreCheck for top tier rewards members
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June 22, 2015
10:46 EDTEXPE, PCLNAirbnb to hurt Priceline more than Expedia, Deutsche Bank says
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10:00 EDTEXPEOn The Fly: Analyst Upgrade Summary
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10:00 EDTPCLNOn The Fly: Analyst Downgrade Summary
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07:19 EDTPCLN, EXPEExpedia upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Expedia (EXPE) to Buy citing an improving core business and cost synergies from acquisitions. The firm sees a path for Expedia to reach $200 per share over the next five year. It raised its price target for the stock to $130 from $95. Deutsche coupled the upgrade with a downgrade of Priceline (PCLN).
07:17 EDTEXPE, PCLNPriceline downgraded to Hold from Buy at Deutsche Bank
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06:42 EDTEXPEExpedia upgraded to Buy from Hold at Deutsche Bank
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06:42 EDTPCLNPriceline downgraded to Hold from Buy at Deutsche Bank
June 19, 2015
18:12 EDTPCLNS&P announces changes to S&P 100, 400, 500, and 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: S&P 500 constituent The Priceline Group (PCLN) will replace Baxter International (BAX) in the S&P 100, Baxalta (BXLT) will replace QEP Resources (QEP) in the S&P 500, QEP Resources will replace Itron (ITRI) in the S&P MidCap 400, and Itron will replace Arch Coal (ACI) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. Baxter International is spinning off Baxalta in a transaction expected to be completed on that date. Baxter International will remain in the S&P 500 following the distribution, but its post spin market capitalization will no longer make it appropriate for the S&P 100. QEP Resources, Itron and Arch Coal are all ranked near or at the bottom of their current indices. Skechers USA (SKX) will replace Rock-Tenn Co. (RKT) in the S&P MidCap 400, and MiMedx Group (MDXG) will replace Skechers USA in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent MeadWestvaco Corp. (MWV) is combining with Rock-Tenn in a transaction expected to be completed on or about that date. The combined company will remain in the S&P 500 and will change its name to WestRock Co. HealthEquity (HQY) will replace Zep Inc. (ZEP) in the S&P SmallCap 600 after the close of trading on Thursday, June 25. Private equity firm New Mountain Capital is acquiring Zep in a transaction expected to be completed on or about that date pending final approvals.
17:19 EDTPCLNPriceline to replace Baxter in S&P 100 as of 6/30 close
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