Priceline falls on acquisition of OpenTable, levels to watch The shares were initially down moderately after announcing the company would acquire OpenTable (OPEN) at a substantial premium. That slip in price has gained a bit more traction, with the stock last at $1207.84. Support below is at $1198.75. Resistance is at $1214.18. A move back below $1200 could signal further technical weakness. Share price has not been able to stay above that level for long based on price behavior in the year-to-date period.
News For PCLN From The Last 14 Days
Check below for free stories on PCLN the last two weeks.
Priceline downgraded to Equal-Weight from Overweight at Evercore Evercore downgraded Priceline (PCLN) to Equal Weight based on Google (GOOG) competitive concerns. The analyst is positive on Priceline's Enterprise initiatives but said they are in the early stages and don't address new "captive demand" channels Google is integrating. Price target lowered to $1,350 from $1,450.