The Priceline Group (PCLN) : Traders are negative on The Priceline Group (PCLN), as it has 2.6% of short positions outstanding compared to its float. The total shorts have reduced by -125,409 shares, which is a -8.9% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,1,414,526 to 1,289,117 shares. While the daily trading volume of the stock is 648,349, there are 2 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
The Priceline Group (NASDAQ:PCLN): The stock opened at $1419.21 on Wednesday but the bulls could not build on the opening and the stock topped out at $1429.53 for the day. The stock traded down to $1404.01 during the day, due to lack of any buying support eventually closed down at $1410.18 with a loss of -0.86% for the day. The stock had closed at $1422.47 on the previous day. The total traded volume was 369,239 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.