Nearest Resistance: $105
Nearest Support: $103
News hit at the open on Friday that OpenTable
(OPEN) was getting acquired by travel site Priceline
(PCLN) for $103 per share in cash, a $2.6 billion valuation that represents a 46% premium over where OPEN closed on Thursday. The acquisition news is a big win for OpenTable shareholders, but late-to-the-game investors might as well move on. The money has already been made on this deal.