The Priceline Group Inc. (PCLN) Moves Higher on Volume Spike for January 03

Equities Staff  |

The Priceline Group Inc. (PCLN) traded on unusually high volume on Jan. 03, as the stock gained 2.21% to close at $1,824.16. On the day, The Priceline Group Inc. saw 608,257 shares trade hands on 9,614 trades. Considering that the stock averages only a daily volume of 402,318 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $2,067.99 and $1,459.49 over the last 52-weeks, its 50-day SMA is now $1,785.35, and its 200-day SMA $1,842.40. The Priceline Group Inc. has a P/B ratio of 8.3. It also has a P/E ratio of 20.2.

The Priceline Group Inc is one of the largest online travel agency. The firm through its branded sites offers booking services for hotel and vacation rooms, airline tickets, rental cars, restaurant reservations, cruises, and other vacation packages.

Headquartered in Norwalk, CT, The Priceline Group Inc. has 23,000 employees and is currently under the leadership of CEO Glenn Fogel.

For a complete fundamental analysis analysis of The Priceline Group Inc., check out Equities.com’s Stock Valuation Analysis report for PCLN.

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To get more information on The Priceline Group Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: PCLN’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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