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Why Trivago NV Stock Plummeted Wednesday


Why Trivago NV Stock Plummeted Wednesday

Shares of hotel search platform Trivago N.V. (NASDAQ: TRVG) were slammed on Wednesday after the company lowered its guidance for fiscal year 2017. Shares fell as much as 30.1%, but the stock is down about 20% at the time of this writing.

Trivago said it now expects annual revenue growth for the year to be about 40% compared to fiscal year 2016. This is down significantly from management's previous guidance for 50% year-over-year revenue growth during the period. It's also down considerably from the company's 67% year-over-year revenue growth in its most recent quarter.

Image source: Getty Images.

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Source: Fool.com

travel BV ADR Stock

€0.56
-6.670%
travel BV ADR took a tumble today and lost -€0.040 (-6.670%).
The community is currently still undecided about travel BV ADR with 2 Buy predictions and 0 Sell predictions.
Based on the current price of 0.56 € the target price of 3 € shows a potential of 439.57% for travel BV ADR which would more than double the current price.
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