Tripadvisor rises on report of activist investor stake

Tripadvisor rose more than 8% in premarket trading after The Wall Street Journal reported that activist investor Starboard Value has built a 9% stake in the company.

Tripadvisor has fallen behind its peers in the online travel sector. It was not immediately clear how Starboard plans to turn around the company.

The stock is down 14% in the past year and more than 46% since its 2011 IPO. The company disclosed that both late last year and early this year it was approached by firms looking to buy the company.

Exclusive | Starboard Takes More Than 9% Stake in Tripadvisor

The stock is down 14% in the past year and more than 46% since its 2011 IPO. The company disclosed that both late last year and early this year it was approached by firms looking to buy the company.

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