(Reuters) - The drop in Orbitz shares on the first day of trade indicates a perception in the market that the company's leaders are distracted as they face strong competition from Expedia Inc. and Priceline , one analyst said.
"This is the fourth transaction in as many years, and you have to consider what that does to management's focus," said Ben Holmes, publisher of MorningNotes.com.
Read more at Reuters.com Hot Stocks News
"This is the fourth transaction in as many years, and you have to consider what that does to management's focus," said Ben Holmes, publisher of MorningNotes.com.
Read more at Reuters.com Hot Stocks News
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