Why TripAdvisor Stock Was Sliding Again Today
Shares of TripAdvisor (NASDAQ: TRIP) were heading again today as the travel-recommendation specialist once again got hammered by coronavirus fears. This morning, California declared a state of emergency after it reported its first death from the coronavirus, and Italy said yesterday it would close all of its schools until at least March 15 as part of an effort to contain the spread of the virus in what has been one of the countries most racked by the disease. Both are popular travel destinations.
TripAdvisor was one of many travel stocks to fall today as the sector continued to react to concern about the virus. TripAdvisor stock was down 8.5% as of 11:41 a.m. EST, while the S&P 500 was off 2.1% at that time.
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Source Fool.com
