Sabre Corporation (SABR) : The bears are holding on to their shorts in Accenture Plc with 2 more days remaining for them to cover their positions. The bearish positions have increased from 9,900,812 on Jul 29, 2016, to 10,100,230, on August 15, 2016. Daily, 4,695,733 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 199,418 shares, which is an increase of just 2%. The total short interest of 5.1% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.
Sabre Corporation (NASDAQ:SABR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.68 and $27.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.94, notching a gain of 0.50% for the day. The total traded volume was 4,371,231 . The stock had closed at $27.80 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Sabre Corp, Jones Hugh W had sold 106,036 shares worth of $2,829,040 in a transaction dated August 3, 2016. In this transaction, 106,036 shares were sold at $26.68 per share.
Sabre Corporation (Sabre) is a technology solutions provider to the global travel and tourism industry. The Company operates in two segments: Travel Network, which is a global business-to-business travel marketplace for travel suppliers and travel buyers, and Airline and Hospitality Solutions, which provides a suite of software solutions, primarily for airlines and hotel properties. The Company connects travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines and tour operators, with travel buyers in a travel marketplace. It also offers travel suppliers a suite of software solutions, ranging from airline and hotel reservations systems to marketing and operations solutions, such as planning airline crew schedules, re-accommodating passengers during irregular flight operations and managing day-to-day hotel operations.