BKNG - Tripadvisor Plummet On M&A Rejection Brings The Stock Back Into Play
2024-05-08 14:10:53 ET
Summary
- Tripadvisor shares have fallen over 35% after the company rejected the idea of being acquired in the near term.
- This provides an excelled opportunity for investors who believe in Tripadvisor's standalone business.
- Viator, a subsidiary of Tripadvisor, represents almost 50% of revenues and is a growth engine for the company. I'm very excited about the potential for this division.
Shares of Tripadvisor ( TRIP ) have fallen by more than 35% on the morning of Wednesday, May 8th, on news that the company's board committee has decided that M&A is not in the company's immediate future after review of potential acquirers' interest was concluded....
Tripadvisor Plummet On M&A Rejection Brings The Stock Back Into Play