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Why TripAdvisor Inc. Stock Tumbled Today

TheMotleyFool

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Why TripAdvisor Inc. Stock Tumbled Today

Shares of TripAdvisor Inc. (NASDAQ: TRIP) were getting grounded as Guggenheim Partners cut its estimates on the travel recommendation website, citing increasing competition from Priceline Group (NASDAQ: PCLN).

TripAdvisor stock was down 8.5% on the news as of 11:12 a.m. EDT. Normally, a bearish remark wouldn't hit a stock so hard, but it has plunged over the last three years as the company has missed estimates and struggled to build out its own travel booking business.

Image source: Getty Images.

Source: Fool.com