Tuesday, August 13, 2013

Priceline Stock: Worth $1,000 a Share?

For a thousand bucks, a Web surfer today can book a round trip flight from New York to London in three weeks using Priceline.com – or, for the same $1,000, one could buy slightly more than a single share of Priceline.com (PCLN) stock.

How’s that for a rich bit of irony? Priceline.com, a company built on offering the lowest price for travel to distant places, is on the verge of becoming the first Standard & Poor’s 500 Index member (GSPC) to crack above a four-digit price.  (more)

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