The Priceline Group (NASDAQ:PCLN) has witnessed a rise of 9.7% or 132,348 shares in its short figure. The short interest augmentation took it from 1,368,556 on May 31,2016 to 1,500,904 on June 15,2016. In terms of floated shares, the short interest was calculated to be 3%. The days to cover are 3 given that the daily volume averaged 578,872 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
The Priceline Group (NASDAQ:PCLN): The stock opened at $1293.78 on Friday but the bulls could not build on the opening and the stock topped out at $1313.77 for the day. The stock traded down to $1217.33 during the day, due to lack of any buying support eventually closed down at $1232.14 with a loss of -11.37% for the day. The stock had closed at $1390.20 on the previous day. The total traded volume was 3,179,187 shares.
The company shares have rallied 11.23% 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 $1,294.53 and the 200 Day Moving Average price is recorded at $1,255.09.
The Priceline Group (NASDAQ:PCLN) has tumbled 5.89% during the past week and has dropped 3.21% 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 4.33%. The Priceline Group (NASDAQ:PCLN) has underperformed the index by 0.28% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.