Large Inflow of Money Detected in The Priceline Group

The Priceline Group (PCLN) : Investors lapped up stocks on upticks to the tune of $10.55 million in the Wednesdays trading session. The trading value on downticks was comparatively at $6.05 million and the uptick to downtick ratio of 1.74 indicates continuous buying by the bulls. The net money flow into the stock was $4.5 million. Upticks saw transactions worth $0.1 clearly indicating buying by large investors. The total money flow for block trades stood at $0.1 million, which is a positive for the stock in the long-term. The Priceline Group (PCLN) fell $0.35 during the day at $1326.65, a drop of -0.03% over the previous days close. However, for the week, the stock is -0.29%, compared to the previous week.


Also, Morgan Stanley upgrades its view on The Priceline Group (NASDAQ:PCLN) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Earlier, the shares had a rating of Equal-weight. Morgan Stanley raises the price target from $1.33K per share to $1.52K per share on The Priceline Group . The rating by the firm was issued on June 30, 2016.

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 $1330.11 and $1323.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1362.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1352.83, notching a gain of 1.95% for the day. The total traded volume was 650,081 . The stock had closed at $1327.00 on the previous day.

The stock has recorded a 20-day Moving Average of 3.88% and the 50-Day Moving Average is 4.42%. In a related news,The director officer (Interim CEO & President) of Priceline Group Inc., Boyd Jeffery H sold 3,000 shares at $1264.93 on July 1, 2016. The Insider selling transaction had a total value worth of $3,794,790. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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, KAYAK,, and OpenTable. The Company offers consumers accommodation reservations, including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties, through its, and brands. Its brand also offers consumers reservations for rental cars, airline tickets, vacation packages and cruises. The Company offers rental car reservations through its Website 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.

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