Shares of online travel sites Priceline (PCLN), Expedia (EXPE), Ctrip (CTRP) and eLong (LONG) have perked up recently in the wake of estimate-beating earnings and acquisition bids. Priceline popped to a new all-time high in the stock market today after issuing view-topping second-quarter results. The travel website’s gross bookings rose 11% from a year ago. The stock gapped up 5.5% in fast turnover to a fresh high, nearing the 1400 mark for the
Two travel-related companies are breaking out Friday after issuing estimate-beating quarterly earnings: Expedia (EXPE) and Royal Caribbean Cruises (RCL). The travel site gapped up to a new high in huge volume in the stock market today, breaking out of a flat base with a 115.10 buy point. Expedia shares have risen nearly 40% this year. Expedia’s competitor Priceline (PCLN) rose in sympathy. It’s nearing a cup-with-handle buy point. Priceline’s
Expedia (EXPE) shares are taking off late Thursday as the online travel agency’s second-quarter results came out ahead of consensus views and said room night growth accelerated year over year. Adjusted earnings fell 13.6% to 89 cents a share, 4 cents above analyst estimates. Revenue grew 11% to $1.662 billion from last year, slightly above forecasts for $1.659 billion. Minus the impact of the strong dollar, revenue rose 25%, said the company. Expedia