Trivago : Surges as biggest shareholder raises stake

trivago NV

19/09/2018 16:05

** U.S.-listed Trivago shares  TRVG.O  up 12.5 pct at $5.78
- biggest pct gain in over 3 months as co's top shareholder
raises stake
    ** The hotel search website's biggest shareholder, PAR
Capital Management, reports 34.5 pct stake or 7 mln shares as of
Sept. 17 ( https://bit.ly/2xBd0Dg )
    ** Par Capital earlier had 6.11 mln shares or 19.71 pct
stake in Trivago, TR data shows
    ** More than 909k shares changed hands, ~2x their 25-day
moving avg
    ** Shares of peers TripAdvisor  TRIP.O  up 1.5 pct, while
Booking Holdings  BKNG.O  down 0.2 pct
    ** Despite Wednesday's early gains, TRVG declined ~17 pct
this year

 (Reporting by Divya R in Bengaluru)
 ((divya.renganathan@thomsonreuters.com))