How The F*CK Did This Move Like That?Looks like a TON of speculation and confusion helped fuel this low float move on LTRPB / LTRPA . Crazy from basically $4.50 to over $134...my guess it comes crashing down just as fast. Some good digging here though :
"Liberty TripAdvisor, it holds an ownership interest in TripAdvisor, Inc. Specifically, as of its most recent 10K from Feb. 19th, as of December 31, 2019, Liberty Tripadvisor “held an approximate 23% equity interest and 58% voting interest in Tripadvisor.” However, TripAdvisor, Inc. is a separate public company...
...Can Liberty TripAdvisor Stock Go Higher? ...This is a question for the ages and one that will only materialize one we figure out what’s happening. In the case of the more liquid LTRPA, shares have plummeted from over $7 to as low as $0.86. In March, the company entered into an agreement with Certares Management LLC where Certares will purchase $325 million of 8% Series A Cumulative Redeemable Preferred Stock. Certares has a long list of travel-related names it has invested in. It was also founded by Greg O’Hara.
He’s got a long list of achievements under his belt including Chief Investment Officer of JPMorgan Chase’s Special Investments Group, Executive Chairman of American Express Global Business Travel and …. drumroll please…Vice Chairman of Liberty TripAdvisor Holding."
Taken from: Penny Stock Liberty TripAdvisor Climbed 2,871% In A Day; How?
LTRPB
Thank the gods above for high volatility! (FOMO)This stock was in a downward trend (channel) for quite some time then got a STRONG breakout pattern.
Talk about a CRAZY move! I wouldn't FOMO buy up here "Fear of missing out"
everyone complains about high volatility when that's how all the money is made.
I'm glad the VIX is skyrocketing in volatility.
Exciting times.
Stay profitable.
