- The stock price of Trivago NV (NASDAQ: TRVG) increased by 19.94% today. This is why it happened.
The stock price of Trivago NV (NASDAQ: TRVG) increased by 19.94% as it went from a previous close of $3.46 to $4.15. It looks like there are a couple of catalysts in play.
Recently, Citi analyst Jason Bazinet increased the price target of Trivago to $3.65 from $2.20. Bazinet is also maintaining a “Neutral” rating on the shares, citing the Q4 results for the company.
Due to strong COVID-19 vaccine efficacy data, traders are also positioning for strong economic growth later this year. So traders have been rotating away from high-growth tech stocks in favor of companies in the travel and hospitality industries. Other stocks in the space that also gained today include Expedia (+1.06%), Priceline (+2.48%), Delta Air Lines (+4.51%), Southwest Airlines (+3.75%), Royal Caribbean Cruises (+9.33%), Carnival Corp (+5.61%), and Avis Budget Group (3.59%).
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.