Tripadvisor gains as Starboard signs cooperation agreement

ReutersMar 23, 2026 1:51 PM

Shares of online travel company Tripadvisor TRIP.O up more than 4% at about $10 in morning trading

Co signs cooperation agreement with activist investor Starboard Value and expands its board from eight to 10 directors

Tripadvisor adds Dhiren Fonseca and Andrew Cates to its board, effective immediately, as part of agreement

Starboard will recommend two additional directors for election at co's annual stockholders meeting

Including session's moves, stock has fallen 33.1% YTD

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