Shares of online travel planner, Expedia Inc. (NASDAQ: EXPE) plunged on Monday after Deutsche Bank cut its rating on the stock to a “hold” from a “buy”. The price target was slashed to $51 from $66. In a research report, Deutsche Bank’s equity research analyst, Ross Sandler said Expedia was now facing much more intense [...]
Shares of D.R. Horton Inc. (NYSE: DHI) rallied about 6.20% by early trade after the homebuilder reported better-than-expected fiscal second quarter results.
Shares of Amazon.com Inc. (NASDAQ: AMZN), an online retailer, are gaining in early trading today. At last check, AMZN shares were trading 3.18% higher at $230.01 on volume of 427,298. The stock hit an intra-day high of $232.68.
Online Travel agency Expedia Inc. (NASDAQ: EXPE) reported on Friday that fiscal second quarter earnings fell by 25%; however shares gained in afterhours trading as it beat Street’s estimations.