Shares of TripAdvisor Jump as Insider Makes Major Stock Purchase

Shares of TripAdvisor rose almost 8% on Wednesday, making it TheStreet's move of the day. The travel review website saw its stock jump after CEO Stephen Kaufer purchased 13,785 shares of stock in a transaction from November 26, but revealed in a filing with the Securities and Exchange Commission dated December 1st. Kaufer paid $72.55 per share. In early November, the website missed earnings expectations. Earnings per share came in at 48 cents, compared to expectations of 60 cents, though it slightly eclipsed estimates on the top line. Still, it was the S&P 500's biggest gainer on Tuesday, though shares remain down 7.4% since the start of the year. TheStreet's Scott Gamm reports from New York.