The Priceline Group (NASDAQ:PCLN) : The total money flow in The Priceline Group (NASDAQ:PCLN) was negative ($26.84 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $254.54 million. Transactions on upticks were comparatively lower at $227.71 million. The uptick to downtick ratio was 0.89. The total block trades on downticks were valued at $35.78 million. The money flow during block trades was negative ($35.78 million) when the stock traded with a gain of $3516 cent. The Priceline Group (NASDAQ:PCLN) was $1239.41, an increase of 2.92% over the previous days close.
In an insider trading activity, The Securities and Exchange Commission has divulged that Tans Gillian, officer (President & CEO, Booking.com) of Priceline Group Inc., had unloaded 131 shares at an average price of $1281.95 in a transaction dated on May 16, 2016. The total value of the transaction was worth $167,935. Currently the company Insiders own 0.42% of The Priceline Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 0.52% . Institutional Investors own 94.85% of The Priceline Group shares. During last six month period, the net percent change held by insiders has seen a change of -17.75%.
The company shares have rallied 4.69% 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 $1,291.54 and the 200 Day Moving Average price is recorded at $1,252.95. The Priceline Group (NASDAQ:PCLN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1220.00 and $1216.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1248.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1239.41, notching a gain of 2.92% for the day. The total traded volume was 778,492 . The stock had closed at $1204.25 on the previous day.
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.