Trip.com (TCOM) stock drops as Chinese e-commerce giant poses competition

From Yahoo Finance: 2025-06-19 14:03:00

Trip.com Group Limited (NASDAQ:TCOM) saw a 6.81 percent drop in share prices to $56.54 due to competition from a Chinese e-commerce giant launching a hotel membership program. This affected investor sentiment after a “buy” recommendation from Jefferies with a price target of $80. TCOM is also selling shares back to MakeMyTrip.

Read more: Trip.com (TCOM) Drops as E-Commerce Giant Emerges as Potential Competitor