Boston, MA 05/30/2013 (wallstreetpr) – The shares of Orbitz Worldwide Inc. (NYSE:OWW) had witnessed a decline in the prices by 16.76 percent to close at $7.25 per share for the end of last trading session. The shares of the company had been trading in the range of $7.25 to $8.24 per share during the day before closing at $1.46 lower than the previous day’s closing price.
Extension of partnership
Orbitz Worldwide Inc. (NYSE:OWW) is an online travel company with its operations dispersed across the world and relies on technology to provide for the leisure and business travelers to research, plan and book in advance for a range of travel products and services. The partnership between Orbitz for Business, the brand company of Orbitz Worldwide Inc. (NYSE:OWW) and the Silver Rail Technologies, the first developer of global rail distribution platform had been further extended to continue to provide online rail search and booking services for business travelers.
The product portfolio of Orbitz Worldwide Inc. (NYSE:OWW) includes online booking services for air travel. Vacation packages, hotels, cruises, travel insurance, car rentals and destination services such as ground transportation, event tickets and tours. The shares of Orbitz Worldwide Inc. (NYSE:OWW) have recorded 52 week high price level of $8.75 per share and 52 week low price level of $2.07 per share.
Orbitz Worldwide Inc. (NYSE:OWW) presently holds 105.45 million shares outstanding and the institutional ownership in the firm is at 95 percent of the holdings. The average trading volume for the online travel business is at 1.06 million shares per day.
