Why TripAdvisor Stock Got Torched Today
Tripadvisor Inc (NASDAQ: TRIP) was having another bad trip as the stock tumbled today following an underwhelming third-quarter earnings report. Shares were down 17.9% as of 10:56 a.m. EST.
The travel recommendation specialist suffered from continuing challenges in its hotel segment, its biggest category, as it struggles to transition from desktop to mobile ads and deals with a decision by Priceline Group (NASDAQ: PCLN), the world's biggest online travel agency, to move away from partnering with sites like TripAdvisor.
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Source: Fool.com
TripAdvisor Inc. Stock
€12.29
-0.850%
Currently there is a rather positive sentiment for TripAdvisor Inc. with 13 Buy predictions and 5 Sell predictions.
However, we have a potential of -2.32% for TripAdvisor Inc. as the target price of 12 € is below the current price of 12.29 €.
