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Stocks Slip on Concerns Markets Overpriced

Websense (WBSN) surged 28.8% to $24.76 after saying on Monday it has agreed to be taken private by Vista Equity Partners in an all-cash deal that values the Internet security specialist at $24.75 a share or just under $1 billion.

Priceline.com (PCLN - Get Report) rose 3.5% to $842.50 after Deutsche Bank raised the online travel services stock to "buy" from "hold" as its profit margins stabilize. The analysts said that Priceline is the "clear global secular winner" in the online travel agency business.

June gold futures jumped $19.40 to $1,384.10 an ounce, while July light sweet crude oil futures added 64 cents to settle at $96.93 a barrel.

Written by Andrea Tse and Joe Deaux in New York

>To contact the writer of this article, click here: Andrea Tse.
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SYM TRADE IT LAST %CHG
WCRX $0.00 0.00%
WBSN $24.72 0.04%
ACT $339.50 3.83%
PCLN $1,259.39 0.59%
AAPL $112.19 -0.65%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

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