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Stock Market & Financial Investment News

News Breaks
August 22, 2014
08:38 EDTOWW, TRIP, PCLN, EXPETripAdvisor cut metasearch inventory in half, says FBR Capital
FBR Capital says TripAdvisor has made a "material change" to its metasearch inventory by reducing the number of prices shown per hotel from four to two. FBR believes less inventory could "stimulate" cost per click pricing and may be an attempt to pressure online travel agencies to sign up for Assisted Book. The firm adds that its survey indicated Expedia (EXPE) and Priceline (PCLN) are now taking up a significantly higher percentage of TripAdvisor meta slots, with Orbitz (OWW) declining. FBR has a Market Perform rating on TripAdvisor and Orbitz and Outperform ratings on Expedia and Priceline.
News For TRIP;EXPE;PCLN;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 EDTTRIP, PCLN, EXPEPriceline 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 EDTEXPE, PCLN, TRIPOnline 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
12:59 EDTTRIPOptions with increasing implied volatility
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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 23, 2015
11:00 EDTTRIPOptions with increasing implied volatility
Options with increasing implied volatility:TRIP WPZ CMG BIIB WMB AMZN ISRG VMW
June 22, 2015
10:46 EDTEXPE, PCLNAirbnb to hurt Priceline more than Expedia, Deutsche Bank says
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10:41 EDTTRIPOptions with increasing implied volatility
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10:00 EDTPCLNOn The Fly: Analyst Downgrade Summary
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10:00 EDTEXPEOn The Fly: Analyst Upgrade 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 EDTPCLN, EXPEPriceline 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

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