Tag Archives: expe

TripAdvisor Gaps Up Past 50-Day On Priceline Linkup

Booking.com, Priceline.com and other Priceline (PCLN) properties will list on TripAdvisor ‘s (TRIP) instant booking platform. The joint announcement sent TripAdvisor shares up 18.3% Wednesday morning, gapping up past its 50-day line. Priceline shares rose 1.9% in the stock market today. Expedia (EXPE) shares fell 6.4%. Expanding on the two travel booking sites’ existing partnership, the new agreement allows TripAdvisor users to book hotels from

Expedia Has ‘All Key Pieces In Place’: Analyst

Online travel firm Expedia (EXPE) got a price target boost from Cowen & Co. on Tuesday after the investment bank pointed to “increased confidence in Expedia’s trajectory” following the company’s purchase of rival travel site Orbitz and growing contributions from its 2013 investment in German hotel search firm Trivago. The U.S. Justice Department granted antitrust clearance last week to Expedia’s $1.3 billion takeover of rival online travel agent

Expedia-Orbitz Merger Waved Through By DOJ

Expedia (EXPE) shares spiked 4.9% to 124.68 Wednesday after word hit shortly before the close that the Justice Department would not derail its pending merger with smaller rival Orbitz Worldwide (OWW), in a deal valued at $1.3 billion. Orbitz jumped 6.4% to 11.92 on the stock market today. Expedia hit 129.10 intraday, a record high. Both stocks rallied slightly in late trading after the DOJ confirmed the news. “We concluded that the acquisition is