Priceline (PCLN) shares were down more than 5% on heavy trading volume Wednesday afternoon after the online travel booking company forecast weak second quarter profits.
The company expects to earn between $13.30 and $14 per share, below analysts' consensus estimates of $15 per share.
For the just concluded quarter, the company reported earnings $9.88 per share on revenue of $2.42 billion vs. Wall Street expectations of earnings of $8.82 on revenue of $2.45 billion.
Some 1.2 million shares of Priceline had been traded Wednesday afternoon, three times higher than the stock's normal daily volume of 400,000 shares.
Over on Real Money Jim Cramer give advice to investors looking at how to play the Trump Trade. Get his insights or analysis with a free trial subscription to Real Money.