NEW YORK (

TheStreet

) --

Priceline.com

(Nasdaq:

PCLN

) is trading at unusually high volume Thursday with 3.8 million shares changing hands. It is currently at four times its average daily volume and trading up $38.31 (+9%) at $464.30 as of 2:37 p.m. ET.

Priceline.com has a market cap of $21.3 billion and is part of the

services

sector and

leisure

industry. Shares are up 6.6% year to date as of the close of trading on Wednesday.

priceline.com Incorporated operates as an online travel company principally in the United States, Europe, and Asia. It provides various travel services, including airline tickets, hotel rooms, car rentals, vacation packages, cruises, and reservation services. The company has a P/E ratio of 47.4, above the average leisure industry P/E ratio of 47.2 and above the S&P 500 P/E ratio of 22.7.

TheStreet Ratings rates Priceline.com as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Priceline.com Ratings Report

.

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