Orlando, FL -- (SBWIRE) -- 10/15/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Expedia Inc (NASDAQ:EXPE), Citigroup Inc. (NYSE:C).
Expedia Inc (NASDAQ:EXPE) shares dropped 6.22% to $48.51. Levi & Korsinsky on Oct. 8 announces that a class action lawsuit has been commenced in the United States District Court for the Western District of Washington on behalf of investors who purchased Expedia, Inc. ("Expedia" or the "Company") (NASDAQ: EXPE) common stock between July 27, 2012 and July 25, 2013. The complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (a) following the spin-off of TripAdvisor into a separate publicly-traded company, TripAdvisor had been directing a significant amount of web traffic to Expedia pursuant to an informal strategic partnership between the two companies and to the detriment of TripAdvisor; (b) that the traffic directed to Expedia from TripAdvisor had been a material source of Expedia's outsized revenues following the spin-off; (c) that TripAdvisor would stop directing web traffic to Expedia in early 2013; and (d) that performance at the Company's Hotwire unit was failing.
Are investors worried about the recent updates with EXPE? Find out with a free trend analysis HERE
Citigroup Inc. (NYSE:C) stock increased 0.77% to $49.60. The company will begin trading ex-dividend on October 11, 2013. A cash dividend payment of $0.1045 per share is scheduled to be paid on October 31, 2013. Shareholders who purchased BLW stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that BLW has paid the same dividend. At the current stock price of $16.61, the dividend yield is 7.55%.
Additionally, the company is expected to report third-quarter earnings flat versus a year ago as a falling mortgage business and broader weakness in the fixed income unit hits.
Wall Street expects Citi to post third-quarter earnings of $1.06 a share, even with year-ago results. The analyst estimate for Citi fell throughout the third quarter, from $1.16 a share back in the summer. Five analysts have cut their EPS estimates for Citi in the last month.
Is C going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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