Why TripAdvisor Stock Lost 30% in November
November was a good month for the stock market, but TripAdvisor (NASDAQ: TRIP) shareholders didn't participate in that rally. The stock fell 30% while the S&P 500 was tacking 3.4% onto its value, according to S&P Global Market Intelligence. So far this year, TripAdvisor is down nearly 50% -- a sharp reversal from 2018, when it ended the year as one of the market's best-performing stocks.
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Last month's share price slide came as TripAdvisor executives revealed worsening revenue trends in both its core hotel booking business and its promising new line of bookable experiences. Hotel revenue declines worsened to 7% in Q3 as TripAdvisor gave up more ground to competing offerings from Alphabet's Google. Executives called the results "frustrating ... particularly considering we entered 2019 with such great momentum."
Source Fool.com
