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Why TripAdvisor Soared 37% in November

TheMotleyFool

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Why TripAdvisor Soared 37% in NovemberPhoto, wide shot, wide-angle lens, Restaurant, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/6d1f34ee-79e7-4628-b30f-0a4597808d61.png

Shares of TripAdvisor (NASDAQ: TRIP) soared 36.6% in November, according to data from S&P Global Market Intelligence. That move sent the online travel stock from $19 per share to $26 during the month.

For context, TripAdvisor shares are now down only 14% for the year through November after being down over 50% in March due to the COVID-19 pandemic.

TripAdvisor reported an encouraging third-quarter earnings report in early November. The company has been in the eye of the storm this year due to the unprecedented decline in global travel driven by the COVID-19 pandemic. For example, in the second quarter, TripAdvisor's revenue dropped an almost unbelievable 86% year over year.

Source Fool.com

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