Starboard Value builds over 9% stake in Tripadvisor, WSJ reports
ReutersJul 2, 2025 10:27 PM
July 2 (Reuters) - Activist investor Starboard Value has built an over 9% stake in online travel firm Tripadvisor TRIP.O, the Wall Street Journal reported on Wednesday.
Shares of Tripadvisor rose over 10% in extended trade after the news.
According to the report, the Jeff Smith-led investment firm has a stake valued at around $160 million based on Wednesday's closing prices.
The investment is expected to be revealed in a regulatory filing on Thursday, the report added, citing people familiar with the matter.
Tripadvisor and Starboard did not immediately respond to Reuters' requests for comment.
The stake would make Starboard one of Tripadvisor's largest shareholders, according to WSJ.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey
Related Articles
Intel’s Quiet Reinvention Gains Speed
TradingKey - At $22.55 per share, Intel (INTC) isn’t trading like an IT titan; it’s trading like a value trap. And yet, underneath the hood, a monumental shift is occurring quietly.TradingKey
3 hours ago
OppFi: The Fintech Profit Story You Missed
TradingKey - While most are reassured by the frenzy of fintech hype cycles and software spec multiples, OppFi Inc. (OPFI) is an exception, an undervalued, profitable, and capital-efficient digital lender with record-breaking Q1 2025 results that defy conventional wisdom.TradingKey
5 hours ago
Eurozone June Inflation Commentary: Mid-Term Bearish Outlook for the Euro, with Short-Term Rises Presenting Opportunities for Bears
TradingKey - On 1 July 2025, the Eurozone published its June inflation figures, which met market consensus: headline CPI edged up from 1.9% in May to 2.0%, while core CPI held steady at 2.3%.TradingKey
5 hours ago
Adobe’s AI Play Is Working
TradingKey - Adobe (ADBE) enters the latter part of FY2025 with strategic momentum: its own ongoing transition into an AI-first platform business.TradingKey
5 hours ago
Prediction! Federal Reserve Chairman Jerome Powell's Next Move Will Be an Interest Rate Cut
The Federal Reserve must balance the risks of higher inflation with the risks of higher unemployment when making decisions on interest rates.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »*Stock prices used were..The Motley Fool
Thu, Jun 26
Tradingkey
