Shares of online travel planner, Expedia Inc. (NASDAQ: EXPE) plunged on Monday after Deutsche Bank cut its rating on the stock to a “hold” from a “buy”. The price target was slashed to $51 from $66. In a research report, Deutsche Bank’s equity research analyst, Ross Sandler said Expedia was now facing much more intense competition in the U.S. market. Sandler was also critical about Expedia’s decision to replace Hotels.com management team last week, adding that such move could push down the value of the stock towards Deutsche Bank’s estimate while the management transition is taking place.
Tag: EXPE
Major Movers on April 26; DHI, AMZN, BIDU, EXPE, FSL, JCP, CSTR
Shares of D.R. Horton Inc. (NYSE: DHI) rallied about 6.20% by early trade after the homebuilder reported better-than-expected fiscal second quarter results.
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Major Gainers and Losers in Early Trading on October 26; AMZN, GT, EXPE, NYT
Shares of Amazon.com Inc. (NASDAQ: AMZN), an online retailer, are gaining in early trading today. At last check, AMZN shares were trading 3.18% higher at $230.01 on volume of 427,298. The stock hit an intra-day high of $232.68.
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Expedia Second Quarter Earnings Fall But Surpass Expectations; Shares Gain (EXPE)
Online Travel agency Expedia Inc. (NASDAQ: EXPE) reported on Friday that fiscal second quarter earnings fell by 25%; however shares gained in afterhours trading as it beat Street’s estimations.
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