TripAdvisor (TRIP)

While Dow Jones futures edged up by 0.07% at the time of writing, the S&P 500 futures were up 0.06%.

After Starboard Value disclosed a stake exceeding 9% in Tripadvisor Inc (NASDAQ: TRIP), the stock surged.

At Wednesday’s closing price of $14.99 for Tripadvisor stock, Starboard’s stake is valued at about $160 million.

In a bid to regain his $56 billion compensation, Elon Musk filed an appeal challenging a lower court's decision to overturn the record payout from Tesla Inc. (NASDAQ: TSLA). Musk contends that the judge committed several legal errors in the ruling.

Tripadvisor Inc. (NASDAQ:TRIP) beat Q4 earnings estimates with $0.30 EPS and $411M revenue, but JPMorgan sees rough road ahead due to headwinds and brand transformation.

Brand Tripadvisor accounted for roughly half of the total revenue but witnessed a 6% revenue drop.

In mid-December, TripAdvisor and its parent Liberty TripAdvisor struck a merger arrangement, allowing the former to acquire the latter for about $435 million.

Despite facing cost pressures from rising pilot salaries and maintenance expenses, the airlines have thrived.

Evolent Health, Kronos Bio, Saint-Gobain, Shell and Unilever are on the sell-side this week. Benzinga's Deal Dispatch has the latest M&A updates.

Wellpath, a healthcare service for prisoners, is going bankrupt. Meanwhile, Geo Group and CoreCivic reacted positively to the election.

Financial results from a rival could presage a pleasantly surprising quarter for Tripadvisor.