Trivago N.V (NASDAQ:TRVG) Stock Falls 16% in a Month: But Why?

Trivago N.V (NASDAQ:TRVG) dropped 16% in a month. The company announced that it would release its Q2 2021 for the three months ended June 30, 2021, on July 29, 2021, after the markets close. A web conference call in which trivago N.V. management will discuss the results will follow the following day.

The company has launched a year-long series of experiences in collaboration with Chelsea Football Club, which will be offered to football and travel fans alike through a free monthly raffle. Notably, these free giveaways are part of the company and Chelsea’s multi-year collaboration announced in May in which trivago was named Chelsea Fc’s Official Training Wear Partner.

These monthly gifts will vary in terms of activities and expenses paid to London, but some restrictions may apply. Winners will stay in a London hotel and will enjoy their time in London with experiences including tourist attractions admission, dining experiences, and spa treatments.  So, in the coming months, TRVG is a stock to watch.

Market Reaction:

On Friday, TRVG stock fell 0.70% at $2.93 with more than 1.34 million shares, compared to its average volume of 1.52 million shares. The stock has moved within a range of $2.8950 – 3.0500after opening the trade at $2.99. Over the past 52-week, the stock has been trading within a range of $1.2500 – 5.8800.