TripAdvisor (TRIP) : $6.69 million worth of transactions were on upticks in TripAdvisor (TRIP), compared to $4.56 million on downticks. The ratio between the two was 1.47, whereas, the net money flow stood at a healthy $2.13 million on Tuesdays session. The consistent buying on upticks in the stock accounted for $1.65million worth of trades. The total money flow into the stock stood at $1.65 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.66%. The stock was trading at $61.53, with a drop of $0.41 over the previous days close. The stock recorded -1.35% for the week.
Also, Deutsche Bank downgrades its view on TripAdvisor (NASDAQ:TRIP) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on August 5, 2016.
TripAdvisor Inc. has lost 2.22% in the last five trading days and dropped 13.06% in the last 4 weeks. TripAdvisor Inc. has dropped 8.66% during the last 3-month period . Year-to-Date the stock performance stands at -28.15%.
TripAdvisor (NASDAQ:TRIP): The stock opened at $62.39 on Tuesday but the bulls could not build on the opening and the stock topped out at $62.51 for the day. The stock traded down to $60.95 during the day, due to lack of any buying support eventually closed down at $61.25 with a loss of -1.11% for the day. The stock had closed at $61.94 on the previous day. The total traded volume was 1,457,591 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.