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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Walt Disney Co | NYSE:DIS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.33 | 1.18% | 113.95 | 114.11 | 112.7996 | 113.63 | 7,411,117 | 01:00:00 |
From May 2019 to May 2024
By Rex Crum, MarketWatch
Internet travel giant gets a boost after upbeat results
SAN FRANCISCO (MarketWatch) -- Tech stocks started the week off with broad gains Monday, highlighted by upbeat reaction to Priceline.com Inc.'s second-quarter earnings results.
Priceline (PCLN) shares rose 2.2%, to close at $1,309, after the company reported a second-quarter profit, excluding one-time items, that topped analysts' expectations. But it issued a weaker-than-expected third-quarter outlook, which investors appeared to quickly shrug off.
"While the third-quarter guidance appears a tad light," said Naved Khan, an analyst at Cantor Fitzgerald. "Which may cause the stock to fluctuate short-term, we note that historically, management's guidance has proven to be conservative and [the] third quarter is also seasonally the largest for Priceline."
Other online travel sites also rose Monday, with Expedia Inc. (EXPE) up 1.7% to close at $83.94 and Orbitz Worldwide Inc. (OWW) edging up by 2 cents a share to end the day at $8.88 a share.
Amazon.com Inc. (AMZN) 0.5%, to $318.33 after the e-commerce giant stopped taking pre-orders for DVDs and Blu-Ray discs for Walt Disney Co. (DIS), reportedly due to a contract dispute between the companies.
Other tech stocks that rose included Apple Inc. (AAPL), Netflix Inc. (NFLX), Facebook Inc. (FB) and Hewlett-Packard Co. (HPQ).
The Nasdaq Composite Index (RIXF) rose 30 points to close at 4,401 and the Philadelphia Semiconductor Index (SOX) rose 1% on the day.
More must-read tech news from MarketWatch:
Amazon halts pre-orders of Disney video titles
Is Zynga cannibalizing itself?
What to look for in Cisco's upcoming earnings
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