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Priceline.com (PCLN) Shares Move Higher As We Enter Peak Travel Season

June 19, 2012 10:29 AM EDT Send to a Friend
Get Alerts PCLN Hot Sheet
Price: $1,244.31 -0.51%

Rating Summary:
    28 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 3 | Down: 4 | New: 7
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Shares of priceline.com (Nasdaq: PCLN) are trading higher for the third straight session, currently up $4.01 (+0.60%) to $677.51. No significant news has been released on the company and competitors Expedia (Nasdaq: EXPE), and TripAdvisor (Nasdaq: TRIP) are both down over 1% this morning.

However, Orbitz (NYSE: OWW) is up over 3% this morning and Travelzoo (Nasdaq: TZOO) is slightly above the flat line.

Expedia is the only one in the group that pays a dividend...a paltry 0.70%, but the company's market cap is only $6.3 bln vs. PCLN's at $33.75 bln.

The group has mostly been beaten up the past few month, along with the rest of the market, however, airline stocks (and hotels) have made a nice move recently and it looks like online travel could be as well.

Because, despite housing starts being down, overall net worth being lower than it was in 2005...when Spring fever sets in, and now all these nice warm summer days, families plan vacations. So, where is your next destination?




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