1. Why is this routinely trading above the $40 offer price from Priceline?
2. Why does it seem to do so in spikes during mid-afternoon (case in point: Monday and today)?
I don't have an answer but I do have a question regarding the acquisition by priceline. The price is already known 1.8 billion. Market cap of KYAK 1.5 B. Shouldn't it be trading at 48?
Offer is based on cash and Priceline stock. Price will fluctuate with PCLN stock price to some degree.