The Priceline Group (PCLN) : Traders are bullish on The Priceline Group (PCLN) as it has outperformed the S&P 500 by a wide margin of 7.47% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.74%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.71% in the last 1 week, and is up 7.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The Priceline Group Inc. is up 14.63% in the last 3-month period. Year-to-Date the stock performance stands at 12.32%. The stock has recorded a 20-day Moving Average of 4.02% and the 50-Day Moving Average is 7.15%.
The Priceline Group (NASDAQ:PCLN): The stock opened at $1438.00 on Friday but the bulls could not build on the opening and the stock topped out at $1443.07 for the day. The stock traded down to $1428.08 during the day, due to lack of any buying support eventually closed down at $1432.00 with a loss of -0.77% for the day. The stock had closed at $1443.07 on the previous day. The total traded volume was 476,843 shares.
Also, Equity analysts at the Brokerage firm Evercore ISI Group upgrades its rating on The Priceline Group (NASDAQ:PCLN). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The Analysts at Evercore ISI Group raises the price target from $1.35K per share to $1.65K per share. The rating by the firm was issued on August 18, 2016.
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.