Why TripAdvisor Stock Was Gaining Today
Shares of TripAdvisor (NASDAQ: TRIP) were moving higher today as the travel-recommendation specialist benefited from tailwinds in the broad market today after the company announced yesterday that it would lay off about 25% of its staff, or more than 900 employees, helping to cut costs during a difficult time.
As of 12:33 p.m. EDT, the stock was up 5.8% while the S&P 500 had gained 2.8%.
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Source Fool.com