Shares of TripAdvisor, Inc. (NASDAQ:TRIP) are rising after the company entered a cooperation agreement with activist investor Starboard Value, a move that will add four members to its Board of Directors.

TripAdvisor To Work With Activist Investors

In February, activist investor firm Starboard Value, which owns more than 9% of TripAdvisor, sent a letter to the travel company saying that it wasn’t moving fast enough in terms of AI adoption.

In response, TripAdvisor has agreed to add four new members to its board, two of whom will be appointed immediately with the remaining two to be selected by Starboard at this year’s annual meeting of stockholders.

“We are pleased to have reached a constructive resolution with Starboard and to welcome Dhiren and Andy to the Board. Their perspectives and experience will be valuable as we continue executing our strategy,” said Greg Maffei, Chairman of Tripadvisor.

TRIP Stock Remains Below Key Averages

TripAdvisor is trading 1.7% below its 20-day SMA and 26.9% below its 100-day SMA, keeping the intermediate trend pointed down even as the stock tries to stabilize. Shares are down 35.24% over the past 12 months and are positioned closer to their 52-week lows than highs.

The RSI is at 33.43, which sits in neutral territory but is still close enough to oversold to suggest selling pressure may be getting tired. MACD is at -0.6272 versus a signal line at -0.6655, a bullish configuration that hints downside momentum is easing even though the trend remains weak.

TRIP Shares Move Higher

TRIP Stock Price Activity: TripAdvisor shares were up 4.28% at $9.75 at the time of publication on Monday, according to Benzinga Pro data.

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