Stock Investors Sell Off Shares of Travelzoo, Down 2.7%

Published on Fri, 03/01/2013 - 11:17
By Adrienne Chilton in Market movers, TZOO, market movers, nasdaq:tzoo, travelzoo

Travelzoo (NASDAQ:TZOO), a company whose shares are moving quickly, is trading 2.7% lower to $20.49. The S&P is currently trading fractionally lower to 1,514 and the Dow Jones Industrial Average is trading fractionally lower to 14,052.

Travelzoo Inc. provides online marketing solutions to the travel industry. Through the Company's Web site, its newsletter, and by using its listing management software, travel companies can inform Internet users about their specials. Travelzoo serves companies such as Alamo Rent-A-Car, Delta Airlines, Expedia, and Hilton Hotels.

Travelzoo has overhead space with shares priced $20.49, or 10.9% below the average consensus analyst price target of $23.00. The stock should hit resistance at its 200-day moving average (MA) of $21.13, as well as support at its 50-day MA of $20.34.

In the past 52 weeks, Travelzoo share prices have been bracketed by a low of $16.56 and a high of $27.94 and are now at $20.49, 24% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.

By Adrienne Chilton
achilton@fnno.com

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