TCOM - Why Trip.com Stock Was Down This Week
2023-09-08 12:25:58 ET
Week to date, shares of Trip.com (NASDAQ: TCOM) were down 11% as of 11:08 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence .
The leading travel platform provider in China reported strong growth for the second quarter, driven by surging domestic and international travel demand. With Chinese travel still in recovery mode, the company's prospects look solid.
There doesn't appear to be a good reason for the stock to have sold off based on Trip.com's quarterly performance. Shares had been surging in the weeks leading up to the earnings release, so it appears to be normal volatility given the stock's historical trading pattern.
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Why Trip.com Stock Was Down This Week