Jun. 2 at 7:30 AM
$TRIP +8.2% on 4.8M shares with no major news is not something I ignore. This looks more like positioning than retail chasing.
The stock has activist involvement, TheFork optionality, Viator value, and still meaningful short interest. A move above
$12 is interesting, but
$13-
$14 is the real trigger zone. If buyers keep showing up there,
$15 could come quickly.If the market starts valuing Viator more like the growth assets inside
$BKNG,
$ABNB, or
$EXPE, today's price may look very cheap in hindsight.
That's where short covering and gamma effects can start feeding on each other. Not calling it a squeeze yet, but this is exactly how many squeezes begin: volume first, narrative later.
