TripAdvisor (NASDAQ:TRIP) has tumbled 6.16% during the past week and has dropped 2.25% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.03%. TripAdvisor (NASDAQ:TRIP) has underperformed the index by 3.14% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
TripAdvisor (NASDAQ:TRIP): The stock opened at $64.06 on Friday but the bulls could not build on the opening and the stock topped out at $64.77 for the day. The stock traded down to $62.85 during the day, due to lack of any buying support eventually closed down at $63.08 with a loss of -2.03% for the day. The stock had closed at $64.39 on the previous day. The total traded volume was 2,014,676 shares.
The company shares have dropped -30.48% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $94.00 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $65.80 and the 200 Day Moving Average price is recorded at $68.63.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President, Vacation Rentals) of Tripadvisor, Inc., Halpin Dermot had sold 7,026 shares worth of $465,191 in a transaction dated May 11, 2016. In this transaction, 7,026 shares were sold at $66.21 per share.
Many analysts have stated their opinion on the company shares. Equity Analysts at the JP Morgan maintains the rating on TripAdvisor (NASDAQ:TRIP). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency lowers the price target from $66 per share to $61 per share. The rating by the firm was issued on April 12, 2016. Currently the company Insiders own 0.92% of TripAdvisor shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -69.24% . Institutional Investors own 86.22% of TripAdvisor shares. During last six month period, the net percent change held by insiders has seen a change of -69.24%.
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.