Tripadvisor stock surges 10% as Starboard Value builds sizable stake in online travel company
1. Tripadvisor stock rose 10% after Starboard Value acquired a 9% stake. 2. Starboard's stake is valued at approximately $160 million. 3. Tripadvisor shares have been flat year-to-date after a 30% drop in 2024. 4. Starboard is known for demanding operational changes in portfolio companies. 5. A special committee was formed by Tripadvisor to explore potential options.