Priceline Opens High And Goes Higher After Q3 Beat

Priceline Group Inc. PCLN shares are trading higher by $86.00 at $1566.33 in Tuesday's session. The catalyst for the rally to a new all-time-high is a Q3 beat of $1.86 along with a slight beat for revenues.

After trading much higher in the pre-market session, it opened at $1540.00, compared to Monday's close ($1480.33) and did not go one penny lower. It has continued to make new highs for the session, with the current high stranding at $1575.95. That is nearly $100 from its former all-time high that was made in November 2015 at $1476.52.

The beat has prompted Goldman Sachs to raise its price target to $1600 and Barclays to $1750.