Scalper1 News
Ctrip.com International stock surged more than 10% in midday trading in the stock market today. The surge comes after Priceline Group said late Wednesday that it’s expanding its partnership with Ctrip, China’s largest Web travel agency, by investing $500 million, giving Priceline as much as a 10% stake in Ctrip. Priceline (PCLN) also said that it will get the right to appoint an “observer” to Ctrip.com ‘s (CTRP) board based on the transaction. Scalper1 News
Scalper1 News