Tripadvisor jumps as Starboard builds $160M stake, now top holder
Tripadvisor shares surged over 6% in extended trade after reports that activist investor Starboard Value has built a 9% stake worth $160M, making it one of the company top shareholders. The move follows Tripadvisor $435 million buyout of Liberty TripAdvisor and its past takeover interest. Retail sentiment on Stocktwits turned bullish amid rising buzz.