Ctrip.com International Ltd. (NASDAQ:CTRP) has tumbled 4.68% during the past week and has dropped 12.28% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.54%. Ctrip.com International Ltd. (NASDAQ:CTRP) has underperformed the index by 13.08% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Ctrip.com International Ltd. (NASDAQ:CTRP): The stock opened at $39.74 on Friday but the bulls could not build on the opening and the stock topped out at $40.02 for the day. The stock traded down to $37.78 during the day, due to lack of any buying support eventually closed down at $38.06 with a loss of -4.47% for the day. The stock had closed at $39.84 on the previous day. The total traded volume was 10,009,855 shares.
The company shares have rallied 3.06% from its 1 Year high price. On Nov 19, 2015, the shares registered one year high at $57.36 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $43.15 and the 200 Day Moving Average price is recorded at $44.09.
Many analysts have stated their opinion on the company shares. Brokerage firm Brean Capital maintains its rating on Ctrip.com International Ltd. (NASDAQ:CTRP). As per the latest information, the brokerage house lowers the price target to $52 per share from a prior target of $56. The shares have been rated Buy. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 22.98% of Ctrip.com International Ltd. shares according to the proxy statements. Institutional Investors own 67.78% of Ctrip.com International Ltd. shares.
Ctrip.com International, Ltd. is a travel service provider for hotel accommodations, transportation ticketing services, packaged tours and corporate travel management in China. The Company aggregates hotel and flight information to enable business and leisure travelers to make informed bookings. The Company also helps customers book tour packages and guided tours. In addition, its corporate travel management services help corporate clients manage their travel requirements. The Company also offers Internet-related advertising and other related services. The Company enables its customers to choose and reserve hotel rooms in cities throughout China and abroad; book and purchase transportation tickets for domestic and international flights and trains, and choose and reserve packaged tours that include transportation and accommodations, as well as guided tours and other value-added services in some instances.