Stock News in Focus: Trip.com Group Limited (NASDAQ:TCOM)

Trip.com Group Limited (NASDAQ:TCOM) stock observed trading -52.67% off 52-week high price. On the other end, the stock has been noted 9.50% away from low price over the last 52-weeks. The stock disclosed a move of -24.57% away from 50 day moving average and -33.12% away from 200 day moving average. Moving closer, we can see that shares have been trading -9.39% off 20-day moving average. It has market cap of $13.04B.

On April 3, 2020, Trip.com Group Limited (NASDAQ:TCOM) a leading provider of online travel and related services, including accommodation reservation, transportation ticketing, packaged tours and in-destination services, corporate travel management, and other travel-related services, released that it has entered into, as borrower, a facility agreement (the Facility Agreement) dated April 3, 2020 with certain financial institutions specified therein, for up to US$1 billion transferrable term and revolving loan facility with an incremental facility of up to US$500 million (the Facilities).

The Facilities have a 3-year tranche and a 5-year tranche. The proceeds borrowed under the Facilities may be used for the general working capital requirements of the Trip.com Group, including repayment of any existing financial indebtedness.

The China based company Trip.com Group Limited moved with change of -1.57% to $22.01 with the total traded volume of 4947169 shares in recent session versus to an average volume of 7.99M. The stock was observed in the 5 days activity at -6.18%. The one month performance of stock was -26.51%. TCOM’s shares are at -39.17% for the quarter and driving a -50.46% return over the course of the past year and is now at -34.38% since this point in 2018.  Right now the stock beta is 1.71. The average volatility for the week and month was at 6.23% and 8.35% respectively. There are 592.45M shares outstanding and 549.95M shares are floated in market.

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