Dont forget Expedia, up 9%. Today was going to be a good day for travel stocks on the ASX as a lead on from the US markets but with the very encouraging update from the AGM last night I am expecting a very large move up. Within a week we will know if the pfizer vaccine is working and that would be another bumper day. By the end of next month the Moderna and Astra Zeneca preliminary results will also be out. Another plus is that if WEB can keep double the market share of domestic bookings, their TTV could technically double pre-covid levels once domestic flights return to normal. I wonder if brokers have picked up on this. Has anyone got revised broker notes?
WEB Price at posting:
$3.94 Sentiment: Hold Disclosure: Held
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