Why TripAdvisor Stock Dropped 5% on Monday
Last week was a bit of a roller coaster for shareholders of travel information website TripAdvisor (NASDAQ: TRIP), which dropped after earnings last Wednesday only to rebound sharply on Thursday. By Friday, Wall Street analysts had had a bit of time to digest the news and come to a firm conclusion on the stock.
They didn't like what they saw.
Four analysts in a row cut their price targets on TripAdvisor shares Friday, sending the stock down once more to close out last week. Today, the momentum continued to drive TripAdvisor lower, and shares ended the day down another 5.4%.
Source Fool.com
