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Stock Market & Financial Investment News

News Breaks
August 15, 2014
05:16 EDTPCLNPriceline prices $1B senior notes offering
Priceline announced the pricing of $1B principal amount of Convertible Senior Notes due 2021 through a private offering to qualified institutional buyers. The notes will pay interest semiannually at a rate of 0.90% per annum. In certain circumstances, the notes may be converted into cash up to their principal amount, and into shares of Priceline common stock and/or cash at Priceline's election for the conversion value above the principal amount based on a conversion rate of 0.4865 shares of common stock per $1,000 principal amount of the notes. Priceline estimates that the net proceeds from the offering of notes will be approximately $990M, after deducting estimated fees and expenses. Priceline plans to use the net proceeds from the offering of the notes to repurchase approximately $147M of its outstanding common stock in privately negotiated, off-market transactions, which may be effected through the initial purchasers of the notes or their affiliates, concurrently with the consummation of the offering. Any remaining net proceeds will be used for general corporate purposes, which may include repaying outstanding debt, repurchasing additional shares of the company's common stock and corporate acquisitions.
News For PCLN From The Last 14 Days
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November 24, 2014
09:10 EDTPCLNPriceline coverage assumed with an Outperform at Credit Suisse
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November 21, 2014
10:47 EDTPCLNAmazon reported travel entry viewed positively by Piper's Munster
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November 19, 2014
06:00 EDTPCLNStocks with implied volatility below IV index mean; PCLN NFLX
Stocks with implied volatility below IV index mean; Priceline (PCLN) 22, Netflix (NFLX) 29 according to iVolatility.
November 18, 2014
05:57 EDTPCLNStocks with implied volatility below IV index mean; PCLN NFLX
Stocks with implied volatility below IV index mean; Priceline (PCLN) 22, Netflix (NFLX) 30 according to iVolatility.
November 14, 2014
17:13 EDTPCLNAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
06:19 EDTPCLNStocks with implied volatility below IV index mean; PCLN NFLX
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November 13, 2014
06:05 EDTPCLNStocks with implied volatility below IV index mean; PCLN V
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November 12, 2014
05:58 EDTPCLNStocks with implied volatility below IV index mean; PCLN V
Stocks with implied volatility below IV index mean; Priceline (PCLN) 20, Visa (V) 18 according to iVolatility.
November 11, 2014
05:58 EDTPCLNStocks with implied volatility below IV index mean; PCLN V
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November 10, 2014
05:59 EDTPCLNPriceline guidance cuts usually buying opportunities, says Piper Jaffray
Piper Jaffray says that over the last six years there have been three other instances where Priceline guided the mid-point of bookings growth more than 500 basis points below consensus, and that each time proved to be "excellent opportunities to buy" the stock. Piper reiterates an Overweight rating on Priceline after the company guided Q4 well below consensus on November 4.

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