Tripadvisor Stocks Experience a Dramatic 10% Increase as Starboard Value Acquires Notable Shares

Tripadvisor's stock saw a significant rise of 10% on Thursday following Starboard Value's disclosure of acquiring over 9% of the online travel company's shares.

The investment was valued at around $160 million based on stock prices at market close on Wednesday.

Since the year's start, Tripadvisor’s shares have remained stagnant after experiencing a substantial drop of over 30% the previous year in 2024. Last year, the advisory and booking platform initiated a special committee to assess various strategic options.

Starboard Value's Influence in Corporate Restructuring

Known for advocating significant corporate transformations, Starboard Value often pushes for executive changes and financial restructuring by securing significant stakes in companies.

Its recent achievements include a resolution in a proxy battle with Autodesk, which resulted in securing two seats on its board. The firm has also been involved in similar endeavors with other major companies in diverse industries.

The news about Starboard's investment in Tripadvisor was initially reported by The Wall Street Journal late on Wednesday.

Neither Starboard Value nor Tripadvisor have provided any immediate comments to CNBC's inquiries.