Priceline‘s (NASDAQ: PCLN) shares fell 7% last week on the news of lowered quarterly guidance.
That weaker guidance came after the company reported some very positive numbers. It saw gross bookings and room nights booked climb dramatically, but the drag on its shares may well be due to the company not currently having a CEO. Of course, Priceline has a search underway but its unique business makes that a difficult chair to fill.