Despite strong Q1 beats and upward Q2 guidance, Priceline (PCLN -2.7%) shares slump as Goldman...


Despite strong Q1 beats and upward Q2 guidance, Priceline (PCLN -2.7%) shares slump as Goldman Sachs cuts its rating to Neutral, asserting that the online travel agency will "decreasingly benefit from the dual tailwinds of market share gains and online hotel bookings penetration growth in Europe... we now see this deceleration coming earlier than we originally anticipated."

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Comments (2)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    Translation: "We want to buy it at a better price or are net short, so will use our corrupted power of "ratings" to do so."
    6 May 2011, 03:52 PM Reply Like
  • tigersam
    , contributor
    Comments (1707) | Send Message
     
    Translation: "GS sold the shares before earnings since GS was expecting bad earning. But oops! Earnings came good and GS want to buy it back. So downgrade it and let fools sell it. Then GS buys it at low price".
    6 May 2011, 04:03 PM Reply Like
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