MidnightTrader Earnings Play: Priceline.com

Priceline.com (PCLN | Quote | Chart | News | PowerRating) closed up 1.3% at 103.20, paring its pre-market gain seen after Citi raised its rating on the stock to Buy vs. Hold, setting a $130 per share price target, according to Briefing.com.

In six analyst rating changes tracked over the last year and a half, including today, PCLN has seen its pre-market movement widen in the following regular session in five instances save for the most recent. The performance data follows:

8/15/08 Pre-Market: +3.8% at 105.93; 8/15/08 Regular Session: +1.3% to 103.20 - Citi raised rating to Buy.

3/19/08 Pre-Market: -3%; 3/19/08 Regular Session: -6.6% - Susquehanna downgrade to Neutral from Positive.

1/18/08 Pre-Market: stock at 91.86; 1/18/08 Regular Session: up 4% at 93.01 - Citigroup upgrade to Buy from Hold.

12/17/07 Pre-Market: -3.1%; 12/17/07 Regular Session: -6% - Citigroup downgrade to Hold from Buy.

6/29/07 Pre-Market: +5.3%; 6/29/07 Regular Session: +6.6% - Goldman Sachs upgrade to Buy.

5/17/07 Pre-Market: +2.5%; 5/17 Regular Session: +4.2% - Stifel Nicolaus upgrade to Buy from Hold.

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