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Tripadvisor stock surges 10% as Starboard Value builds sizable stake in online travel company
CNBCยท 2025-07-03 13:39
Tripadvisor stock jumped 10% Thursday after Starboard Value revealed a more than 9% stake in the online travel company, according to a securities filing.The position was valued at about $160 million as of Wednesday's close.Tripadvisor shares have been flat since the start of the year after plummeting more than 30% in 2024. Last year, the travel review and booking company said it created a special committee to explore potential options. ...