Orbitz Worldwide Inc. (NYSE:OWW) shares trading down

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Dallas, Texas 07/08/2013 (Financialstrend) – As Jill Greenthal stepped down from the Board of Directors of Orbitz Worldwide, Inc. (NYSE:OWW), the company announced the appointment of Mr. Scott Forbes to his place, currently serving as Executive Chairman of the leading online classifieds portal for property-related advertisements in the United Kingdom, the Rightmove Plc. Through his extensive experience in various positions in related companies, Mr. Forbes is expected to bring in his varied expertise related to the field of online advertising, financial management and international markets experience to Orbitz Worldwide, Inc. (NYSE:OWW).

Shares of Orbitz Worldwide, Inc. (NYSE:OWW) closed at $9.50 on Friday, recording a decline of 0.22 percent for the day. The stock price fluctuated during the day between $8.95 and $9.52 per share, after opening at $9.00 on Friday. Shares of Orbitz Worldwide, Inc. (NYSE:OWW) have a 52-week low price of $2.07 and a 52-week high price of $9.52.

As for the specific percentage of the equity ownership structure, institutional owners hold around 47 percent of the total equity capital in Orbitz Worldwide, Inc. (NYSE:OWW) and there are 105.45 million shares outstanding in the market. The company recorded an average volume of trading at 1.24 million shares per day.

Orbitz Worldwide, Inc. (NYSE:OWW) is a global online travel company (OTC), which enables leisure and business travelers to research, plan and book varied travel products and services. Orbitz Worldwide, Inc.’s (NYSE:OWW) portfolio operates globally including the Orbitz, Cheap Tickets and Away Network in the USA, ebookers in Europe and HotelClub and RatesToGo in Australia, with global operations. Orbitz Worldwide, Inc. (NYSE:OWW) owns and operates OrbitZ for businesses that deal with corporate travel requirements and Orbitz Worldwide Distribution group which deals with private travel solutions for a range of clients.

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