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BREAKING- Deutsche Bank Says Buy More Expedia – Stock up 4 Percent (EXPE)

Deutsche Bank said in a note Tuesday that Expedia (NASDAQ: EXPE) has regained its top position on TripAdvisor (NASDAQ: TRIP) after losing to priceline.com’s (NASDAQ: PCLN) Booking.com during the second quarter. Deutsche recommends buying the stock at current levels.

As a result of the note, shares of Expedia are up more than 4 percent in early trading.

The stock is down 24 percent in the past six months after its recent earnings announcement disappointed the street resulting in a sell off of more than 30 percent. The stock has slowly reclaimed some of its losses as it moves higher on heavy volume. It’s 50 day moving average sits at $58.32.

[stock-tools exchange="NASDAQ" symbol="EXPE" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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