OWW Stock Forecast: 26.38% Gain In One Month

OWW Stock Forecast

Orbitz Worldwide, Inc. (OWW) was a stock pick based OWW stock forecaston predictive algorithm recommended to I Know First subscribers on February 9th for the 1-months time horizon in the “Equity Trading” forecast. Orbitz Worldwide had a signal of 74.04 and a predictability of 0.34. In accordance with the algorithm, the company reported short-term capital gains of 26.38%.

Orbitz was part of the stock forecast that can be found in the “Best Small Cap Stocks” Package.

The full Top 10 Small Cap Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • Top ten stocks picks to long
  • Top ten stocks picks to short

OWW Stock Forecast

Orbitz Worldwide is a global online travel company that uses technology to enable leisure and business travelers to research, plan, and book a range of travel products and services. The company’s brand portfolio includes Orbitz, Cheap Tickets, and the Away Network in the Americas, ebookers in Europe and HotelClub and RatesToGo based in Australia.

Shares of the travel booker soared 21% immediately after its larger competitor Expedia said it would buy the company for $12 per share. That represents a enterprise value of $1.6 billion, which is a 29% premium to the average price of the company’s shares for the 5 days before the acquisition was announced. Expedia also agreed to pay a reverse-termination fee of $115 million if the deal is killed by antitrust regulators. This is roughly 11% of Orbitz market capitalization the day before the deal was announced, protecting Orbitz if the acquisition is unable to be completed.