Why Trivago Stock Popped Today
Shares of Trivago (NASDAQ: TRVG) soared 11.6% on Monday, defying both the broader market's decline (with the S&P 500 down around 0.9% today), and a lack of company specific news.
To be sure, there were no new press releases, industry developments, analyst notes, or Securities and Exchange Commission filings that might otherwise spur such a pop. But it helps that Trivago closed Friday at a fresh all-time low, with its losses most recently amplified last month by a combination of its weaker-than-expected quarterly earnings and the surprise replacement of its CEO.
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Source Fool.com
