TripAdvisor is likely to have a pullback

12 August 2022 479
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On Thursday, August 4, after the market closed, TripAdvisor reported excellent Q2 results: revenue was up 77% year over year to $417 million (against analysts' forecast of $393 million), EBITDA increased from $25 million to $109 million, and adjusted EPS was $0.37, compared with analysts' estimate of $0.27. This is the result of a demand recovery after two years of slack in the travel business because of the pandemic.

A week later, TripAdvisor stock price is up nearly 30%, and the DeMarker indicator is deep into overbought zone. Just yesterday the stock closed lower. TripAdvisor stock price may bounce back to the 23.6 Fibonacci level before it continues to grow.

This content is for informational purposes only and is not intended to be investing advice.

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