Trip.com Slips 8% After JPMorgan Downgrades Stock

Shares of Trip.com Group Limited (TCOM) are slipping over 8% on Monday morning after JPMorgan Chase & Co. downgraded the stock.

TCOM is currently trading $17.81, down $1.56 or 8.05%, on the Nasdaq.

China-based Trip.com Group is a multinational online travel company that provides services including accommodation reservation, transportation ticketing, packaged tours and corporate travel management.

According to Price Targets, JPMorgan Chase & Co. downgraded the stock to neutral from overweight.

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