-2.1 C
New York
Monday, January 24, 2022

Liberty TripAdvisor Holdings, Inc. (LTRPA) Stock Sliding Despite No Apparent Reason

Liberty TripAdvisor Holdings, Inc. (LTRPA), an online travel company, has plunged 11.06% in aftermarket trading session. As a result, LTRPA stock is trading at $2.01 at the time of the writing. The slide has come even though apparently, no stimulating factor has acted upon the stock recently. On Friday, LTRPA closed the day at $2.26 after increasing 6.60% during regular trading hours. Let’s discuss the recent developments related to the stock.

Q3 2021 Operational Results

In early November, LTRPA released the operational results for the third quarter of the fiscal year 2021. The quarter ended on 30th September. The company generated total revenues of $303 million during the quarter against $151 million for the same period of 2020. The total operating expenses bore by the company during the period were $299 million against $210 million for the same period of 2020. The net income generated by the company during the quarter was $68 million against the net loss of $60 million for the same period of 2020.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored


Financial Condition

Alongside the operational results, LTRPA also analyzed the financial condition in the wake of the COVID-19 pandemic. During fiscal 2020, the company experienced a significant decline in its business portfolio owing to the pandemic. The effects on COVID which had severely impacted the business of the company during 2020 also kept hindering the progress of the company during the fiscal year 2021. However, during the third quarter, the situation seemed to be improving with the broadening recovery of the travel industry.

Future Outlook for LTRPA

During the last three months, LTRPA stock has declined more than 30%. That could be attributed to certain market factors, like political uncertainty during the period, economic decisions by the government, etc. Analysts believe that the company is in a strong position to attract investors during the upcoming months.

Latest news

Related news

LEAVE A REPLY

Please enter your comment!
Please enter your name here

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

644

100% free. stop anytime no spam