TripAdvisor (TRIP) has risen sharply, recording gains of 8.3% in the past 4 weeks. However, the stock has corrected -0.17% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.78% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.85% and the 50-Day Moving Average is 4.92%. TripAdvisor Inc. is up 8.33% in the last 3-month period. Year-to-Date the stock performance stands at -17.92%.
TripAdvisor (NASDAQ:TRIP): On Fridays trading session , Opening price of the stock was $69.5 with an intraday high of $70.44. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $69.17. However, the stock managed to close at $69.97, a loss of 1.77% for the day. On the previous day, the stock had closed at $71.23. The total traded volume of the day was 2,420,622 shares.
Also, Major Brokerage house, Raymond James upgrades its ratings on TripAdvisor (NASDAQ:TRIP). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on July 28, 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.