Boston, MA 04/02/2014 (wallstreetpr) – If change is as good as rest, so it is at Priceline.com Inc (NASDAQ:PCLN) where a name-change has taken effect. The company announced that with immediate effect, it will now be referred to as Priceline Group Inc. This move, the management said, is aimed at reflecting the reality of its five brands focused on different travel offering aspects. The online travel company was founded in 1998 and currently operates various platforms such as Booking.com, Agoda.com, Rentalcars.com and Kayak. PCLN announced that branding at its various businesses will not affect the services which consumers have come to identify with the company. As a company offering customers online hotel reservations, Priceline.com Inc (NASDAQ:PCLN) has over the past years enjoyed business development in Europe and Asia where it is at the heart of millions of travelers. Its hotel-focused platforms are available in different languages to ensure greater market penetration in the travel business. Shares of the company jumped almost 5 percent Tuesday.
Plug Power Inc (NASDAQ:PLUG) whose shares jumped Tuesday requires some charge. The company provides alternative energy in the form of fuel-cell used mostly in forklift devices. The most recent major deal for the company came from retail giant Wal-Mart Stores Inc (NYSE:WMT) where it inked a supply deal to deliver several fuel-cell technology to about six locations of the retailer. Then the company followed that with announcement of a deal with a major auto company, a deal whose details are still not very clear. Even so, the company needs to go beyond forklift to develop new products which can generate higher revenue and boost its earnings and price.
Cathay General Bancorp (NASDAQ:CATY) which provides banking services is reaping the benefits of its largely solid business. Shares of the company jumped about 4 percent Tuesday on the back of above average volume. Investors are betting in the stock based on various reasons from solid balance sheet to strong stock performance to disciplined costs and expenses management which if supported by strong revenue growth, should lead to continue growth in earnings and price going forward.
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