TRIP - Why TripAdvisor Stock Is Moving Higher Tuesday | Benzinga
Shares of online travel platform company TripAdvisor Inc (NASDAQ:TRIP) are trading higher Tuesday after the company announced that it formed a special committee to evaluate potential transaction proposals.
What To Know: TripAdvisor said it formed a committee of independent directors from its board to evaluate any proposals regarding a potential transaction, including those that may arise in the future as a result of the recent Liberty TripAdvisor Holdings' disclosure of intent to evaluate potential alternatives involving Liberty TripAdvisor and TripAdvisor.
There can be no assurance that any transaction will result from the evaluation. TripAdvisor also said it does not intend to disclose developments until the board determines that a disclosure is appropriate or necessary.
TripAdvisor is scheduled to report fourth-quarter financial results after the market close on Wednesday. The company is expected to report ...