Trip.com Stock Gains 7% As China Loosens Covid-19 Restrictions

Shares of Trip.com Group Ltd. (TCOM) are gaining over 7% on Monday morning. Chinese stocks rose on Monday as the Asian country loosens Covid-19 restrictions in Beijing.

TCOM is currently trading at $23.26, up $1.53 or 7.04%, on the Nasdaq. The stock opened its trading at $23.12 after closing Friday's trading at $21.73. The stock has traded between $14.29 and $39.14 in the past 52-week period.

Shanghai, China-based Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally.

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