Liberty TripAdvisor Stock Review: Penny Stock Powers Ahead During Outbreak
Liberty TripAdvisor stock is reaching new heights while the rest of the market is plummeting. The world’s largest travel platform is making headlines and raising the eyebrows of investors across the nation. Why is LTRPB stock soaring during such a difficult market?
Liberty TripAdvisor Holdings (Nasdaq: LTRPA, LTRPB) is just as confused as everyone else. The company released a statement on April 15 admitting that it’s “not aware of the reasons for the recent volatility in its stock price.”
Why Is Liberty TripAdvisor Stock Mysteriously Soaring?
The current stock market is down more than 600 points. However, LTRPB stock is flourishing. That is Liberty TripAdvisor’s B shares, which closed on April 14 at $4.51. The next day, these same shares were trading as high as $134.
How did this happen? What in the world is going on? That’s a 2,871% increase in one day with no reasonable explanation in sight.
In fact, now is one of the worst times in recent history to travel. As the world’s largest travel platform, you would expect Liberty TripAdvisor stock to be plummeting like everyone else. So let’s take a look at the company’s recent headlines.
Recent Liberty TripAdvisor Events and News
Liberty TripAdvisor’s most recent news came on April 13, two days before the mysterious spike in share price. On that day, the company filed a request for a shareholders meeting.
The shareholders will now vote on May 19. The topics up for voting include…
- A proposal to elect Chris Mueller and Albert E. Rosenthaler to continue serving as Class II members of its board until the 2023 annual meeting of stockholders
- A ratification proposal to ratify the selection of KPMG LLP as its independent auditors for the 2020 fiscal year
- A reverse stock split proposal of its common stock at a ratio of at least 1-for-2 and up to 1-for-20.
Outside of these three proposals, the filing also notes that shareholders may be asked to consider and vote on other business that may come up before the annual meeting.
Where Is LTRPB Stock After the Original Spike?
Since the outlandish spike, Liberty TripAdvisor stock has slightly come back down to earth. As of April 16, the B shares have fallen to about $60. That’s still a huge increase from its $4.51 price a few days earlier.
As for its A shares, the stock is trading at $2.69 after resting at $1.99 on April 13. Both series A and series B are gaining ground in the market, and the company doesn’t know why. This is creating a fury of questions online by investors everywhere.
Investing During Volatile Times
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When market volatility hits this hard, it can be difficult to pinpoint the next big thing in the market. This is where Investment U can help. Take Liberty TripAdvisor stock as a prime example of the potential in the stock market today.
About Corey Mann
Corey Mann is the Content Manager of Investment U. He has more than 10 years of experience as a journalist and content creator. Since 2012, Corey’s work has been featured in major publications such as The Virginian-Pilot, The Washington Post, CNN, MSNBC and more. When Corey isn’t focusing on Investment U, he enjoys traveling with his wife, going to Yankees games and spending time with his family.