TripAdvisor (TRIP) : Traders are getting increasingly bearish on TripAdvisor (TRIP), as can be seen in the addition of short positions from 15,114,609 on Jul 29, 2016, to 15,710,576 on August 15, 2016. The net change in shorts is 595,967 shares, an increase of 3.9%. 5 days remain before the expiry. The 13.8% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 3,335,772. The short interest information was released on Wednesday Aug 24th after the market close.
TripAdvisor (NASDAQ:TRIP): The stock opened at $62.72 on Wednesday but the bulls could not build on the opening and the stock topped out at $63.58 for the day. The stock traded down to $61.71 during the day, due to lack of any buying support eventually closed down at $61.93 with a loss of -1.13% for the day. The stock had closed at $62.64 on the previous day. The total traded volume was 1,189,296 shares.
In a related news,The officer (President, Vacation Rentals) of Tripadvisor, Inc., Halpin Dermot sold 20,000 shares at $61.23 on August 9, 2016. The Insider selling transaction had a total value worth of $1,224,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
TripAdvisor, Inc. (TripAdvisor) owns and operates a portfolio of online travel brands. TripAdvisor, the Companys brand, is a travel Website. The Company operates in two segments: Hotel and Other. Its Other segment consists of three operating segments, which include its vacation rentals, restaurants and attractions businesses. The Companys branded Websites include tripadvisor.com in the United States and localized versions of the TripAdvisor Website in 45 other countries, including China under the brand, daodao.com and are offered in 28 languages. It features reviews and opinions on accommodations, including hotels and accommodations and vacation rentals, as well as restaurants and attractions in approximately 147,000 destinations throughout the world. In addition to user-generated content, its Websites feature price comparison tools and links to partner Websites, including travel advertisers, where users can book their travel arrangements.