Tripadvisor's stock surged 6.97% during intraday trading on Tuesday, following reports of significant activist investor pressure aimed at the online travel company.
The sharp rise comes after activist investment firm Starboard Value LP, which holds a stake of more than 9% in Tripadvisor, announced its intent to nominate a majority slate of director candidates for the company's 2026 annual meeting. In a letter to Tripadvisor's board, Starboard urged the company to explore a potential sale, either as a whole or through multiple transactions, to enhance shareholder value.
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