TMCnet News
Expedia Announced Plans To Spin Off Its TripAdvisor Unit (EXPE)Apr 08, 2011 (SmarTrend(R) News Watch via COMTEX) -- Expedia (NASDAQ:EXPE) announced plans to spin off its TripAdvisor unit into a separate, publicly traded company. TripAdvisor lets travelers post advice and reviews, as well as offers planning features such as flight searches and links to hotel and flight bookings. Under the proposed deal, the company would continue to include domestic and international operations of the company's travel brands, which include Expedia.com, Hotels.com, Hotwire, and carrentals.com. Expedia has a potential upside of 23.5% based on a current price of $22.4 and an average consensus analyst price target of $27.67. Expedia is currently above its 50-day moving average (MA) of $22.26 and should find resistance at its 200-day MA of $24.50. In the last five trading sessions, the 50-day MA has fallen 1.16% while the 200-day MA has risen 0.16%. Expedia, Inc. provides branded online travel services for leisure and small business travelers. The Company offers a wide range of travel shopping and reservation services, providing real-time access to schedule, pricing and availability information for airlines, hotels, and car rental companies. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |