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Short Take: Preview Travel jumps on upgrade

Preview Travel saw its stock jump nearly 20 percent after PaineWebber initiated coverage of the online travel agent with a "buy" recommendation. The stock gained 5.5 to end the day at 34.5, up 19 percent from Friday's close of 29. Despite the big one-day gain, the stock is still shy of its 52-week high of 38.13, which it reached last month.

Preview Travel saw its stock jump nearly 20 percent after PaineWebber initiated coverage of the online travel agent with a "buy" recommendation. The stock gained 5.5 to end the day at 34.5, up 19 percent from Friday's close of 29. Despite the big one-day gain, the stock is still shy of its 52-week high of 38.13, which it reached last month.