Why TripAdvisor (TRIP) Fell Today

NEW YORK (TheStreet) -- TripAdvisor (TRIP) closed Friday's session lower, victim to a broad selloff among high-momentum tech and biotech stocks on the Nasdaq.

By market close, shares had tumbled 6.1% to $85.69. Trading volume of 4.9 million shares was more than double its three-month daily average of 1.9 million.

The decline is the second consecutive day of losses suffered by the online travel agency. Since Thursday, the stock has dropped 10%, in line with the Nasdaq's 3.5% fall.

Other heavy volume decliners include E*Trade Financial (ETFC), down 7.8%, Netflix (NFLX), down 4.9%, and Facebook (FB), down 4.6%.

Must Read: Warren Buffett's 10 Favorite Growth Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates TRIPADVISOR INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate TRIPADVISOR INC (TRIP) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive."

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