Trip Advisor Inc. (TRIP)

Mar 14, 2022Trade Ideas

With stocks clobbered, company insiders are jumping at oversold opportunities.

Look at Trip Advisor Inc. (TRIP), for example. After falling from a recent high of $30 to about $23, the stock is starting to pivot higher. Helping, Chairman Gregory Maffei just paid $1.1 million on March 4 for 50,000 shares at an average price of $22.38 a share.

Also, it appears more people are becoming optimistic about the travel industry.

Even with chaos overseas, CNBC reports: “Americans’ enthusiasm for travel has rebounded to levels unseen since the broad rollout of Covid-19 vaccines last year, as their wanderlust eclipses hesitation fueled by the omicron and delta virus variants. Nearly 82% of people are in a ‘ready to travel”’ mindset in 2022 — a 5 percentage-point increase in just the last two weeks, according to a survey of 1,200 American travelers.”

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