The Priceline Group (NASDAQ:PCLN) has been under a strong bear grip, hence the stock is down -0.8% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.57% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.9% in the last 1 week, and is up 0.8% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 13.49% from its 1 Year high price. On Nov 5, 2015, the shares registered one year high at $1,476.52 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $1,293.45 and the 200 Day Moving Average price is recorded at $1,251.98.
The stock has recorded a 20-day Moving Average of 2.68% and the 50-Day Moving Average is 3%.
The Priceline Group (NASDAQ:PCLN): stock turned positive on Friday. Though the stock opened at $1306.94, the bulls momentum made the stock top out at $1330.62 level for the day. The stock recorded a low of $1304.225 and closed the trading day at $1329.46, in the green by 2.48%. The total traded volume for the day was 713,010. The stock had closed at $1297.26 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Boyd Jeffery H, director officer (Interim CEO & President) of Priceline Group Inc., had unloaded 3,000 shares at an average price of $1264.93 in a transaction dated on July 1, 2016. The total value of the transaction was worth $3,794,790.
The Priceline Group Inc. is a provider of online travel and travel related reservation and search services. The Company, through its online travel agent (OTA) services, connects consumers wishing to make travel reservations with providers of travel services across the world. The Companys brands include Booking.com, KAYAK, agoda.com, rentalcars.com and OpenTable. The Company offers consumers accommodation reservations, including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties, through its Booking.com, priceline.com and agoda.com brands. Its priceline.com brand also offers consumers reservations for rental cars, airline tickets, vacation packages and cruises. The Company offers rental car reservations through its Website rentalcars.com. The Company also provides an online price comparison service from various travel Websites through KAYAK. OpenTable provides its services to consumers and reservation management services to restaurants.