Priceline.com Stock Gaps Up On Today's Open (PCLN)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Shares of Priceline.com (Nasdaq: PCLN) were gapping up Friday morning with an open price 10.9% higher than Thursday's closing price. The stock closed at $586.10 Thursday and opened today's trading at $650.06.

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The average volume for Priceline.com has been 1.1 million shares per day over the past 30 days. Priceline.com has a market cap of $28.59 billion and is part of the services sector and leisure industry. Shares are up 22.7% year to date as of the close of trading on Thursday.

priceline.com Incorporated, together with its subsidiaries, operates as an online travel company. The company has a P/E ratio of 23.9, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Priceline.com as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Priceline.com Ratings Report.

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