TripAdvisor is getting crushed, but trader sees sliver of hope $TRIP (via TradingNation)
The stock tanked more than 20% on Thursday after the company reported a miss on quarterly earnings and revenue on Wednesday evening.says the move is a shock, though he does see hope that the stock can turn it around." in an email Thursday. But, "if TripAdvisor can show construction against the November 2017 low there is reason to believe that technical support could be created."
TripAdvisor on Thursday broke briefly below its 2017 low of $29.50. That low was its worst level since 2012. "Longer-term positive fundamentals surrounding the impact of improvising with their half a billion unique user base makes this stock … 'worth taking a shot,'" he added.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rubenstein: 'Phase one' US-China trade deal would ease economic fears for 'next year or so'David Rubenstein says 'phase one' of a U.S,-China trade deal would ease economic fears. However, bigger issues around the communist Chinese government propping up Beijing's technology ambitions won't get resolved by year-end, predicts The Carlyle Group co-founder.
Read more »
US-China phase one trade deal won't lead to 'economic nirvana,' Larry Summers saysSummers said even if the U.S. and China sign the partial deal, 'there will still be large tensions and uncertainties' between them.
Read more »
Meghan McCain Reveals the One Thing That Bothers Her on 'The View'Exclusive: TheView's Meghan McCain has thick skin, but some things still get to her.
Read more »
How Giving Trump the Finger Helped One Woman Win Her ElectionNewly-elected julibriskman spoke to intelligencer about giving Trump the finger from her bike and how she turned that viral moment into an opportunity to make real change by running for office
Read more »
The success of passive investing comes down to one thing, experts say: FeesPassive funds are overshooting active funds in terms of assets under management, and exchange-traded fund specialists say the ongoing battle comes down to one key factor: cost.
Read more »