Scalper1 News
Ctrip.com International (CTRP) was down 1.5% in morning trading in the stock market today after Stifel Nicolaus downgraded the China Web travel agency to hold from buy on the likely impact of a ticket commission-rate cut by Air China. Stifel also lowered its estimates on Ctrip’s air-ticketing revenue. In earlier trading Tuesday, Ctrip stock has fallen as much as 6.6%. The stock of Baidu (BIDU)-backed China metasearch travel firm Qunar Cayman Scalper1 News
Scalper1 News