TripAdvisor (TRIP) has been under a strong bear grip, hence the stock is down -10.53% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.41% in the past 1 week. The stock has risen by 1.46% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.61% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 8.2% and the 50-Day Moving Average is 7.17%. TripAdvisor (NASDAQ:TRIP): stock turned positive on Friday. Though the stock opened at $61.31, the bulls momentum made the stock top out at $61.95 level for the day. The stock recorded a low of $61.03 and closed the trading day at $61.7, in the green by 0.18%. The total traded volume for the day was 1,624,314. The stock had closed at $61.59 in the previous days trading.
The company Insiders own 0.92% of TripAdvisor shares according to the proxy statements. Institutional Investors own 87.6% of TripAdvisor shares. During last six month period, the net percent change held by insiders has seen a change of -69.24%. Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, downgrades their rating on the shares of TripAdvisor (NASDAQ:TRIP). Deutsche Bank has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 5, 2016.
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.