Tripadvisor surges after Starboard Value reveals 9% stake

ReutersJul 3, 2025 2:29 PM

Shares of online travel firm Tripadvisor TRIP.O rise 17.3% to $17.5 after activist investor Starboard Value discloses 9% stake in co

Starboard says co's shares are "undervalued" and represent an "attractive investment opportunity"

The activist investor's stake is worth about $160 mln at TRIP's last closing price, according to Reuters' calculations

Investor to engage with co's management on opportunities of value creation

TRIP last year formed a special committee to explore potential sale, but determined it was against co's best interests

Four brokerages rate the stock "buy" and higher, 10 "hold" and five "sell" and lower; median PT is $16.63 - data compiled by LSEG

Including session's moves, TRIP is up 19.60% YTD, while peers Booking Holdings BKNG.O is up 15%, Airbnb ABNB.O is up 4.6% and Expedia EXPE.O is down 5%

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