Why TripAdvisor Stock Popped Today
Shares of online travel company TripAdvisor (NASDAQ: TRIP) jumped on Tuesday on no company-specific news. A strong day for the Nasdaq index may be the driving force behind this move, although the stock could also simply be bouncing back from a steep post-earnings decline earlier this month. TripAdvisor stock was up about 5% at 11:45 a.m. EST.
TripAdvisor stock has been trending downward since peaking in mid-2014 at about $110 per share. Even after today's jump, shares trade for just $32. A dramatic slowdown in revenue growth and slumping profits led investors to cool on the once-hot stock.
Image source: TripAdvisor.
Source: Fool.com
TripAdvisor Inc. Stock
€16.95
-0.880%
Currently there is a rather positive sentiment for TripAdvisor Inc. with 9 Buy predictions and 4 Sell predictions.
As a result the target price of 22 € shows a positive potential of 29.79% compared to the current price of 16.95 € for TripAdvisor Inc..
