TripAdvisor Inc TRIP shares are trading lower by $8.29 at $74.82 in Friday's session. The catalyst for the decline is a Q3 miss for EPS by $0.02 with $15 million less in revenues.
After a lower open, it rallied to $75.95 before resuming its decline. The ensuing decline took the issue to $73.57 and it has staged a rebound to the $75 area. The issue is now trapped in a thinly traded area that was created by a huge move higher when the company announced a partnership with Priceline PCLN.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
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