Expedia Inc EXPE 0.26% hotel search engine Trivago conduct its highly-anticipated IPO this week. Online travel investors are looking to determine the impact that the IPO will have on other stocks, such as Priceline Group Inc PCLN 1.13% and Tripadvisor Inc. TRIP 0.02%.
First, it’s important to understand that Expedia holds a 61.6 percent stake in Trivago, meaning what’s good for Trivago investors is good for Expedia investors.
Benzinga took a look back at how competitors in the online travel space reacted to previous IPOs in the market.
Travel Space, In Review
TripAdvisor was spun off from Expedia back in December of 2011. In the first six months following the IPO, shares of Expedia, TripAdvisor and Priceline all soared. Expedia was the biggest winner at +71.5 percent, while TripAdvisor gained 55.4 percent and Priceline jumped 39.2 percent.
Expedia was spun off from IAC/InterActiveCorp IAC 0.33% back in August 2005. In the first six months following that spinoff, Expedia was the market laggard, falling 2.6 percent. Parent company IAC gained…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!