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Why Is TripAdvisor (TRIP) Stock Up 10% Today?
InvestorPlace· 2024-02-13 20:44
Today’s session has been relatively volatile, with a number of key winners and losers seeing outsized movements this afternoon. One of the biggest winners to the upside today is TripAdvisor (NASDAQ:TRIP), which has surged well over 10% to as high as $26.66 per share today. This big move in TRIP stock comes after the company formally announced the formation of a special committee to review an upcoming “potential transaction.”Such special committees are typically set up as part of a bidding process for a give ...
Why Tripadvisor Stock Was Soaring Today
The Motley Fool· 2024-02-13 17:52
Shares of Tripadvisor (TRIP 12.58%) were moving higher Tuesday after the company said that it had formed a special committee to evaluate potential offers to buy the company or related transactions. As of 12:25 p.m. ET, the stock was up 12.4%. Tripadvisor could go privateThe board's decision came in response to interest from Liberty Tripadvisor (NASDAQ: LTRPA), which owns 21.1% of the stock, and has also said it was evaluating potential alternatives for Tripadvisor, meaning it could acquire the company.Tripa ...
Tripadvisor soars as it weighs up potential sale
Proactive Investors· 2024-02-13 17:43
About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...
Tripadvisor Exploring Possible Deals, Stock Surges
Schaeffers Research· 2024-02-13 16:13
Tripadvisor Inc (NASDAQ:TRIP) stock is surging today, after news that the company has formed a committee to explore possible deals. The news comes ahead of the travel name's earnings report, which is due out after the close tomorrow, Feb. 14, in which Wall Street expects profits of 22 cents per share. At last glance, TRIP was up 14% at $25.51, trading at its highest levels in roughly a year. The security has been chopping higher since its Nov. 1 bottom of $14.15, its lowest point since March 2020 -- when th ...
Tripadvisor Stock Jumps on News of Committee to Consider Deal Proposals—Key Level to Watch
Investopedia· 2024-02-13 03:50
Key TakeawaysTripadvisor shares surged more than 13% in after-hours trading Monday after the online travel company said it had formed a special committee to consider potential deal proposals.The company cautioned that no transaction was assured, and the committee has not made any decisions about a potential transaction.The Tripadvisor share price may run into a zone of resistance between $27 and $28 from the August 2022 and February 2023 swing highs. Tripadvisor, Inc. Source: TradingView.com.Tripadvisor ...
Tripadvisor shares jump after it forms new committee to weigh ‘a potential transaction'
Market Watch· 2024-02-12 21:38
Shares of Tripadvisor Inc. jumped after hours on Monday, after the travel-services platform said it had formed a special committee to consider “any proposals that may be brought forward for a potential transaction.” Tripadvisor’s stock TRIP, +3.04% was up 10.9% in after-hours trading. “The mandate of the Special Committee is to evaluate any proposals that may be brought forward for a potential transaction, and any alternatives thereto, with regard to Tripadvisor,” the company said in a statement. Such ...
TRIPADVISOR ANNOUNCES FORMATION OF A SPECIAL COMMITTEE OF INDEPENDENT MEMBERS OF ITS BOARD OF DIRECTORS
Prnewswire· 2024-02-12 21:06
NEEDHAM, Mass., Feb. 12, 2024 /PRNewswire/ -- Tripadvisor, Inc. (NASDAQ: TRIP) ("Tripadvisor") announced the formation of a Special Committee comprised of independent directors of the Board of Directors of Tripadvisor (the "Board").  The mandate of the Special Committee is to evaluate any proposals that may be brought forward for a potential transaction, and any alternatives thereto, with regard to Tripadvisor, including those that may arise in the future as a result of the recent Liberty TripAdvisor Holdin ...
Many Investors Believe That Tripadvisor Is an Outdated Brand. But Almost Half of Its Revenue Now Comes From 1 of the Hottest Growth Platforms in the Entire Travel Industry
The Motley Fool· 2024-02-11 15:07
When it comes to finding travel-related reviews, Tripadvisor (TRIP -3.72%) is the go-to platform and has been for about two decades. The platform hosts more than one-billion reviews, helpful for almost any traveler no matter where they're going.However, it's fair to wonder if Tripadvisor is losing its relevance. After all, Alphabet's Google can provide some of the same insights as Tripadvisor. And considering how many people use Google Maps, it might even be easier to check out reviews on Google.I believe t ...
The Results Are In: Tripadvisor's Top 2024 Destinations According to Global Travelers
Prnewswire· 2024-01-09 12:01
Asia dominates Trending Destinations list globally for 2024 Dubai named No. 1 Top Destination in the World for the third year running The American South highly favored on the Food Destinations U.S. list: New Orleans ranks No. 1 a second time; six of top 10 culinary cities are in the South NEEDHAM, Mass.,  Jan. 9, 2024 /PRNewswire/ -- Tripadvisor®, the world's largest travel guidance platform, today announced its first Travelers' Choice® Award for 2024: the Best of the Best Destinations. With roughly four ...
TripAdvisor(TRIP) - 2023 Q3 - Earnings Call Transcript
2023-11-07 16:27
Tripadvisor, Inc. (NASDAQ:TRIP) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Angela White - VP, IR Matt Goldberg - President and CEO Mike Noonan - CFO Conference Call Participants Naved Khan - B. Riley Securities Benjamin Miller - Goldman Sachs Lloyd Walmsley - UBS Unidentified Analyst - J.P. Morgan Niall Mitchelson - Bernstein Jed Kelly - Oppenheimer Brian Fitzgerald - Wells Fargo Tom White - D.A. Davidson Unidentified Analyst - Jefferies Operator Good day and thank you ...