Online travel stocks take a beating, with Expedia (EXPE -4.2%), Priceline.com (PCLN -1.9%,...


Online travel stocks take a beating, with Expedia (EXPE -4.2%), Priceline.com (PCLN -1.9%, Orbitz Worldwide (OWW -8.7%), and Tripadvisor (TRIP -4.4%) all underperforming market indexes. Though shares of Ctrip.com (CTRP +8.1%) are downright giddy following a pair of analyst upgrades, the broader theme from the analyst coverage paints a picture of intense competition and shrinking margins in the sector.

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Comments (1)
  • swiver
    , contributor
    Comments (56) | Send Message
     
    Doesn't that mean the first 3 were over-valued, and analysts were (as usual) wrong.
    17 May 2012, 02:45 PM Reply Like
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