At mid-day I see the stock of the online travel agency Orbitz
(OWW) is up more than 5%.
The only news on the wires involving the company is a note
that its Partner Network has launched a new partnership with
the Finnish airline Finnair to power dynamic package search and
booking capabilities on the co's U.S. website.
The Chicago based company has seen its stock rise from
the $2.70 closing price on 2/13 to a $5.17 closing price
yesterday and don't forget the 5% on top today.
The company's most recent earnings report was a miss when
compared to the Zacks Consensus Estimate, but the market sure
didn't care about that. In the session following the
earnings release, the stock was higher by more than 23%.
The OTA space was red hot just a little while ago when
Priceline (PCLN) acquired Kayak (KYAK) for $1.8B ... and more
recently Piper Jaffray released some research that paints all
OTA's in a favorable light.
With the online travel space heating back up are you looking
A) Orbitz (OWW) - Its headed for double digits!
B) Priceline (PCLN) - The negotiator still has it
C) Expedia (EXPE) - The Co that gave birth to option D
D) Tripadvisor (TRIP) - Not an OTA, but still in that travel
E) TravelZoo (TZOO) - Lions, tigers and bears oh my!
F) None of the above
Chime in and let us know what you think!
Maybe even throw in your next vacation destination and how you
plan to book it!
ORBITZ WORLDWID (OWW): Free Stock Analysis
To read this article on Zacks.com click here.