Shares of Tripadvisor Inc (NASDAQ:TRIP) walks on green track on Tuesday trading session, rose over 7%, to $41.05 following Liberty Interactive announced that it has purchased voting control of the online travel information company.
Liberty declared that it purchased 4.8 million shares of Trip Advisor stock, for $62.50 per share, in an agreement worth at $300 million. Liberty purchased the shares from Barry Diller and the Diller-von Furstenberg Family Foundation. According to the terms of the agreement, Diller will step down as TripAdvisor’s chairperson.
Shares of Tripadvisor Inc (NASDAQ:TRIP) opened at $47.00 with 142.36 million outstanding shares and touch its highest price of $47.00 of the day and then finished at $40.91 by scoring +6.56%, as in the whole session stocks gain volume of 12.18 million shares which is higher than its average volume.
As the owner ship concerns stock institutional ownership remained 97.39% while insider ownership included 0.01%. The share capital of TRIP has 142.34 million outstanding shares amid them 111.07 million shares have been floated in market.
For investors focus on the performance of the stocks so the TRIP showed weekly ahead performance of +9.01% which was maintained for the month at +19.24%. Correspondingly the positive performance for the quarter was remained +15.93% and if took notice on yearly performance that was +54.09% whereas the year to date performance halted at 62.28%.
As the moving toward the returns measures returns on Investment ratio is significant measure which investor should have in consideration, the TRIP return on investment was recorded as +33.81% as compare to its rivals has Yahoo inc (NASDAQ:YHOO)’s ROI 22.05%, Groupon Inc (NASDAQ:GRPN)’s ROI -6.58%, Zynga Inc (NASDAQ:ZNGA)’s ROI -40.62%.
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