Priceline.com Reaches New 52-Week High (PCLN)

NEW YORK ( TheStreet) -- Priceline.com (Nasdaq: PCLN) hit a new 52-week high Wednesday as it is currently trading at $1153.81, above its previous 52-week high of $1145 with 224,350 shares traded as of 9:50 a.m. ET. Average volume has been 595,200 shares over the past 30 days.

Priceline.com has a market cap of $58.01 billion and is part of the services sector and diversified services industry. Shares are up 80.3% year to date as of the close of trading on Tuesday.

priceline.com Incorporated operates as a online travel company. The company has a P/E ratio of 32.6, above the S&P 500 P/E ratio of 17.7.

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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, impressive record of earnings per share growth and expanding profit margins. 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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