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 at:
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 space
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 Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
