The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

• On May 8, TripAdvisor posted better-than-expected quarterly results. In February 2024, TripAdvisor disclosed that it had formed a special committee to evaluate proposals resulting from Liberty Tripadvisor Holdings' stated intention to engage in discussions with respect to a potential transaction or other alternatives. The Special Committee now said it sees no transaction with a third party. However, it will continue to evaluate proposed alternatives as appropriate. The company's stock fell around 34% over the past month and has a 52-week low of $14.15.
• RSI Value: 26.09
• TRIP Price Action: Shares of Tripadvisor gained 0.2% to close at $17.92 on Tuesday.