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Stock Market & Financial Investment News

News Breaks
June 13, 2014
12:59 EDTAWAY, OPEN, YELP, PCLN, GRUBAnalyst 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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December 19, 2014
11:00 EDTYELPYelp volatility elevated at low end of historic range
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10:17 EDTGRUBOn The Fly: Analyst Initiation Summary
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December 18, 2014
16:16 EDTGRUBGrubHub initiated with an Outperform at Oppenheimer
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08:19 EDTYELPYelp pullback a buying opportunity, says Wunderlich
Wunderlich recommends using the pullback in shares of Yelp as a buying opportunity. The firm says its checks with Yelp advertisers has reinforced the value of the ads. It thinks acquisition rumors could resurface with Yelp now trading at a "more affordable price." Wunderlich reiterates a Buy rating on the stock with a $105 price target.
December 17, 2014
07:25 EDTAWAYHomeAway initiated with a Neutral at Buckingham
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December 16, 2014
11:40 EDTGRUB, PCLNGrubHub advances after Goldman ups to Buy
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10:16 EDTGRUBHigh option volume stocks:
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09:59 EDTPCLNOn The Fly: Analyst Downgrade Summary
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09:59 EDTGRUBOn The Fly: Analyst Upgrade Summary
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09:17 EDTGRUB, PCLNInternet sector upgraded to Attractive from Neutral at Goldman
Goldman upgraded the Americas Internet sector to Attractive to Neutral based on more reasonable valuations, reduced expectations, and strong sector growth. As part of the sector change, the firm upgraded GrubHub (GRUB) to Buy from Neutral, downgraded Shutterfly (SFLY) to Neutral from Buy, and lowered Priceline (PCLN) to Buy from Conviction Buy.
08:42 EDTPCLNPriceline downgraded to Buy from Conviction Buy at Goldman
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06:22 EDTGRUBGrubHub upgraded to Buy from Neutral at Goldman
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06:22 EDTPCLNPriceline downgraded to Buy from Conviction Buy at Goldman
Shares remain Buy rated with a $1,400 price target.
December 15, 2014
06:08 EDTPCLNStocks with implied volatility below IV index mean; LNKD PCLN
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December 11, 2014
17:40 EDTPCLNPriceline becomes first online travel agency to integrate Apple PayApple
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05:53 EDTPCLNStocks with implied volatility below IV index mean; PCLN CBST
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December 10, 2014
06:01 EDTPCLNStocks with implied volatility below IV index mean; PCLN CBST
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December 9, 2014
14:44 EDTYELPYelp management to meet with Piper Jaffray
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06:11 EDTYELPYelp implied volatility of 44 at lower end of index mean range
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06:09 EDTPCLNStocks with implied volatility below IV index mean; PCLN WFM
Stocks with implied volatility below IV index mean; Priceline (PCLN) 20, Whole Foods (WFM) 20 according to iVolatility.

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