Tripadvisor stock surges as Starboard Value builds 9% stake
Tripadvisor logo is displayed on a tablet.
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Tripadvisor The stock increased by 17% after Starboard Value has revealed more than 9% shares in the online travel company. According to a securities file.
The position is about $ 160 million from the closing of Wednesday.
Tripadvisor shares have been flat since the beginning of the year after falling more than 30% in 2024. Last year, Travel review And the reservation company said it has created a special committee to explore potential options.
Sancak value has gained a reputation in push for changes such as new CEOs and cost cuts by taking significant stocks in companies.
Most recently, a deputy struggle with the company. OtodeskTwo Board of Directors won the seat. Tinder pushed his parents for changes before Match groupPharmaceutical Giant Pfizer And Salesforce.
Wall Street Journal first report News late on Wednesday.
Tripadvisor did not respond immediately to CNBC’s comments. Sancak refused to comment on the news.
