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Stock Market & Financial Investment News

News Breaks
June 13, 2014
12:59 EDTGRUB, AWAY, OPEN, YELP, PCLNAnalyst sees Priceline expanding in more areas after OpenTable buy
After Priceline Group (PCLN) agreed to buy OpenTable (OPEN), which operates an online restaurant reservation network, research firm Piper Jaffray predicted that Priceline would probably expand into additional areas. WHAT'S NEW: Priceline can move into additional categories, including events, ride sharing, and attractions, Piper analyst Michael Olson wrote. The company's decision to buy OpenTable shows that it is poised to move into new business areas, Olson contended. As for the OpenTable deal, the analyst thinks that there are obvious synergies between online travel and online restaurant reservations, and that the two companies will be able to promote their respective offerings to each other's customers. Additionally, Priceline's expertise in overseas operations will enable OpenTable to expand to perform more effectively in that area, the analyst contended. He kept an Overweight rating and $1,485 price target on Priceline. OTHERS TO WATCH: Yelp (YELP) allows its users to review local businesses, including restaurants, and its platform provides local businesses with a range of services, including its newly launched reservation system. GrubHub (GRUB) is an online and mobile platform for restaurant pick-up and delivery orders that similarly connects local restaurants with diners. Shares of HomeAway (AWAY), which operates an online marketplace for the vacation rental industry, are also higher, with the move potentially related to investor belief that it could be targeted for an acquisition by one of the larger players in the space. PRICE ACTION: In early afternoon trading, Priceline fell 2.4% to $1,196, while OpenTable soared 47% to $103.50.
News For PCLN;OPEN;GRUB;YELP;AWAY From The Last 14 Days
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May 26, 2015
06:12 EDTPCLNPriceline to invest additional $250M in Ctrip.com
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May 21, 2015
08:54 EDTAWAYHomeAway management to meet with Deutsche Bank
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May 19, 2015
10:27 EDTYELPYelp May weekly calls active on renewed talk of buyout
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09:58 EDTPCLN, AWAYOn The Fly: Analyst Initiation Summary
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09:51 EDTYELPYelp early strength attributed to talk of buyout
The early move higher in shares of Yelp is being attributed to speculation that Google (GOOG) may have interest in acquiring the online review site. The Wall Street Journal on May 7 reported that Yelp has hired banks to explore a sale. Shares of the company are up $1.05 to $47.61 in early trading.
06:18 EDTPCLNPriceline initiated with a Neutral at Guggenheim
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06:18 EDTAWAYHomeAway initiated with a Neutral at Guggenheim
05:36 EDTPCLNBooking.com implements new parity provisions in Germany
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May 18, 2015
19:01 EDTGRUBGrubHub CEO sees opportunity in nonrestaurant orders, WSJ says
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10:03 EDTYELPYelp slips after analyst says stock already reflects takeover probability
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10:01 EDTYELPOn The Fly: Analyst Downgrade Summary
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09:25 EDTYELPOn The Fly: Pre-market Movers
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05:46 EDTYELPYelp downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Gene Munster downgraded Yelp to Neutral from Overweight saying a takeout is priced into shares at current levels. Munster sees a 65% chance of Yelp eventually getting acquired at a valuation at or slightly below the current share price. The stock has rallied 24% since it was reported that the company hired a bank to explore a sale, the analyst points out. He lowered his price target for shares to $46 from $70. The review website closed Friday down 46c to $46.89.
May 14, 2015
11:16 EDTYELPStocks with call strike movement; VIPS YELP
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May 13, 2015
11:22 EDTYELPOptions with increasing implied volatility
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May 12, 2015
15:04 EDTYELPInvestors should be cautious reading through from AOL deal to Yelp, WSJ says
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14:58 EDTYELPYelp sale 'far from assured', WSJ says
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10:28 EDTYELPOptions with increasing implied volatility: YELP HUM LULU CTRX
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08:07 EDTYELP, AWAYSunTrust to hold a conference
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