Tripadvisor stock (NASDAQ: TRIP) surged 8% on July 2 — significantly surpassing the S&P 500's modest 0.47% increase — after activist investor Starboard Value revealed a stake exceeding 9% in the online travel company. The approximately $160 million investment caused shares to climb another 7% in after-hours trading on Wednesday.
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Tripadvisor Inc (NASDAQ:TRIP) shares added more than 16% after activist investor Starboard disclosed it has taken a 9% stake in the company, valued at about $160 million. Per a regulatory filing with the Securities and Exchange Commission, Starboard believes TripAdvisor's stock “were undervalued and represented an attractive investment opportunity.
Tripadvisor's stock jumped after Starboard Value disclosed a more than 9% stake in the online travel company in a securities filing. The stake was valued at about $160 million as of Wednesday's close.
The travel sector has recovered well from the uncertainty caused by President Donald Trump's tariffs agenda.
Activist investor Starboard Value has built an over 9% stake in online travel firm Tripadvisor , the Wall Street Journal reported on Wednesday.
The travel-review company's shares have fallen after it rejected takeover offers last year.
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Investors interested in stocks from the Internet - Commerce sector have probably already heard of TripAdvisor (TRIP) and Chewy (CHWY). But which of these two companies is the best option for those looking for undervalued stocks?
TripAdvisor (TRIP) reported earnings 30 days ago. What's next for the stock?
TRIP's first-quarter earnings surpass expectations, driven by growth in its marketplace businesses, including Viator and TheFork.
The headline numbers for TripAdvisor (TRIP) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.