Tag Archives: pcln

Priceline Hit By Currency Headwinds, Gets Downgrade

Priceline (PCLN) stock was down more than 1% in midday trading in the stock market today after Goldman Sachs yanked the company from its regional America’s “Conviction Buy List,” citing currency headwinds. “We remove Priceline from the Conviction List, as the multiyear declines in the Euro expected by (Goldman Sachs) Macro will likely limit outperformance in the stock,” analyst Heath Terry said in a research report. Goldman Sachs maintained a buy

Priceline’s Booking.com Sees Property Surge: Cowen

Priceline’s (PCLN) Netherlands-based Booking.com hotel website saw its number of listed properties rebound in the past five weeks following a fall slump, says a Thursday report by Cowen & Co. The uptrend is expected to lift Priceline’s year-end and 2015 results. Booking.com is Priceline’s main European travel site. It also offers bookings in America, Asia and other markets. “After an unusually pronounced seasonal downtrend this fall, Booking.com

Amazon.com Lets Consumers Bid For Lower Prices

Amazon.com (AMZN) on Tuesday launched a new pricing feature that lets customers negotiate for lower prices on thousands of items sold by select third-party sellers on its website. In an approach echoing eBay’s (EBAY) auctions and Priceline’s (PCLN) Name-Your-Own-Price service, Amazon is letting customers haggle to buy items at prices lower than those listed by retailers. If the seller consents, the shopper can purchase the items at the agreed upon