Expedia (EXPE): Price Target and June Short Interest Disclosure

Expedia (EXPE) : The highest level Expedia (EXPE) is projected to reach is $180 for the short term and the lowest estimate is at $99. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $139.13 and the possibility the share price can swing is $20.05.

Expedia (EXPE), A increase of 727,934 shares or 5.3% was observed in the short interest of Expedia, Inc. The interest on June 30,2016 came in at 14,594,479 shares and as per the average daily trading of 2,408,399 shares, the days to cover are 6. The increased interest is 12.2% of the floated shares. The data of June 15,2016 put the interest at 13,866,545 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity analysts at the Brokerage firm Atlantic Equities upgrades its rating on Expedia (NASDAQ:EXPE). The rating major has initiated the coverage with overweight rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Atlantic Equities maintains a current price target of $130 per share. The rating by the firm was issued on June 20, 2016.


Expedia (NASDAQ:EXPE): stock turned positive on Thursday. Though the stock opened at $115.25, the bulls momentum made the stock top out at $115.64 level for the day. The stock recorded a low of $114.5 and closed the trading day at $115.13, in the green by 0.76%. The total traded volume for the day was 1,970,812. The stock had closed at $114.26 in the previous days trading.

Expedia, Inc. (Expedia) is an online travel company. The Company provides travel products and services provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its segments include Core Online Travel Agencies, which provides a range of travel and advertising services through a range of brands, including Expedia.com and Hotels.com in the United States and localized Expedia and Hotels.com Websites around the world, EAN, Hotwire.com, Travelocity, Venere, Wotif Group, CarRentals.com and Classic Vacations; trivago, which is engaged in sending referrals to online travel companies and travel service providers from its hotel metasearch Websites, and Egencia, which provides managed travel services. In addition, it offers Travelocity, Orbitz, ebookers, HotelClub, and CheapTickets brands and business-to-business offerings, including Orbitz Partner Network and Orbitz for Business.

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