Trip.com Group Ltd ADR (TCOM)

Trip.com Group Ltd Stock (TCOM) dropped by 10.61% from $36.67 to $32.78 in the trading on Tuesday November 21, 2023. The reason why TCOM stock down today is due to stock downgrade from the analyst. Analyst at Nomura downgraded the stock to Neutral from Buy, and lowered its per-share price target on Trip.com from $48 to $41. The firm cited the likelihood that domestic travel growth has peaked in the country given pent-up demand, and it warned that the Chinese travel industry may weaken in the coming quarters as consumers in the country grow more cautious with their spending.