Tripadvisor Exploring Possible Deals, Stock Surges

The company will report earnings after the close tomorrow

Deputy Editor
Feb 13, 2024 at 11:13 AM
facebook X logo linkedin

Tripadvisor Inc (NASDAQ:TRIP) stock is surging today, after news that the company has formed a committee to explore possible deals. The news comes ahead of the travel name's earnings report, which is due out after the close tomorrow, Feb. 14, in which Wall Street expects profits of 22 cents per share. 

At last glance, TRIP was up 14% at $25.51, trading at its highest levels in roughly a year. The security has been chopping higher since its Nov. 1 bottom of $14.15, its lowest point since March 2020 -- when the pandemic halted travel. Since the start of 2024, the equity is up 17%. 

Call traders are chiming in on Tripadvisor stock today, with 12,000 calls exchanged so far -- 21 times the volume typically seen at this point -- in comparison to 1,835 puts. The February 20 call is the most popular by far, expiring at the end of this week. 

Looking at TRIP's post-earnings history, the stock has finished higher after half of its last eight reports, including an 11.3% pop following its most recent November report. This time around, the options pits are pricing in a 13.5% move, regardless of direction, which is higher than the 9.1% move the security averaged over the past two years.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI