Tripadvisor Inc

TRIP remains in a pronounced downtrend below all major moving averages following a decisive support failure. Recent oversold bounce has yet to challenge the declining 9- and 20-period EMAs, leaving the medium-term bias firmly bearish. We defer sell-side engagement (Trim) until price rallies into the 9/20 EMA resistance band for a rejection-based entry.

• ↑Experiences segment grew 15% in Q1, on track for two-thirds of revenue by 2026.
• ↑Q1 free cash flow $101M; post-transaction cash ~$700M funds buybacks and investments.
• ↓Legacy hotel and media revenues fell 20% YoY to $158M in Q1.