Previous close | 25.48 |
Open | 17.45 |
Bid | 18.06 x 100 |
Ask | 18.21 x 300 |
Day's range | 15.88 - 18.75 |
52-week range | 14.15 - 28.76 |
Volume | |
Avg. volume | 2,446,193 |
Market cap | 2.528B |
Beta (5Y monthly) | 1.56 |
PE ratio (TTM) | 259.43 |
EPS (TTM) | 0.07 |
Earnings date | 08 May 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 19 Nov 2019 |
1y target est | 27.82 |
Tripadvisor (TRIP) shares are plummeting after the online travel booker rejected the idea of a potential sale. The company previously established a special committee to explore the idea of a third-party sale, and after announcing it would not be in its best interest, the stock dropped nearly 30% on the trading day. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl.
Tripadvisor stock nosedived Wednesday after the online travel company rejected the idea of a potential sale. The company’s board of directors had formed a special committee in February to evaluate proposals for a potential transaction or alternatives. “The Special Committee has determined that at this time, there is no transaction with a third party that is in the best interests of the Company and its stockholders,” Tripadvisor said in its earnings release.
Google has made frequent changes to its search results pages over the years, and Tripadvisor has often suffered as Google has its own competing businesses. Recent changes appear to have hit Tripadvisor particularly hard.