The Priceline Group (PCLN) : $74.13 million worth of transactions were on upticks in The Priceline Group (PCLN), compared to $63.17 million on downticks. The ratio between the two was 1.17, whereas, the net money flow stood at a healthy $10.96 million on Tuesdays session. The consistent buying on upticks in the stock accounted for $15million worth of trades. The total money flow into the stock stood at $15 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.61%. The stock was trading at $1416.55, with a drop of $8.64 over the previous days close. The stock recorded -0.23% for the week.
Also, Major Brokerage house, Evercore ISI Group upgrades its ratings on The Priceline Group (NASDAQ:PCLN). In the latest research report, Evercore ISI Group raises the target price from $1.35K per share to $1.65K per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on August 18, 2016.
The Priceline Group Inc. has dropped 0.42% in the last five trading days, however, the shares have posted positive gains of 4.46% in the last 4 weeks. The Priceline Group Inc. is up 10.84% in the last 3-month period. Year-to-Date the stock performance stands at 11.11%.
The Priceline Group (NASDAQ:PCLN): The stock opened at $1422.69 on Tuesday but the bulls could not build on the opening and the stock topped out at $1430.51 for the day. The stock traded down to $1412.00 during the day, due to lack of any buying support eventually closed down at $1416.55 with a loss of -0.61% for the day. The stock had closed at $1425.19 on the previous day. The total traded volume was 199,040 shares.
In a related news,The officer (President & CEO, Booking.com) of Priceline Group Inc., Tans Gillian sold 131 shares at $1408 on August 15, 2016. The Insider selling transaction had a total value worth of $184,448. 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 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.