Activist investor Starboard acquires 9% stake in Tripadvisor, sees potential for stock growth.

Activist investor Starboard Value revealed a 9% stake in Tripadvisor, deeming the stock undervalued. Shares soared 17% to $17.50. Starboard plans to discuss ways to enhance stock price with management. Tripadvisor, valued at $1.96 billion, welcomes constructive engagement with investors to drive long-term value. Starboard, known for activism, has pushed for changes in multiple companies.

Read more at Yahoo Finance: Activist investor Starboard discloses 9% stake in Tripadvisor, says shares undervalued