https://7news.com.au/news/travel/sta-travel-goes-into-administration-as-pandemic-wreaks-havoc-on-tourism-industry-c-1258780
Another casualty from Covid. Wonder WEB and FLT sp run on Friday was a technical rebound or manipulation from majors to setup sell on Monday. Or maybe a good news to both as there could be one less competitor in both Aus and UK, though STA serves different market segment.
DYOR. WEB down 12% on result day, and up 12% the day after - majors playing the game as we all know.
Word of caution about owning tourism stocks. At current price it is a bargain, but price also reflect the risk in the current environment. As we all know tourism stocks would be the last to run once everything starts to become clearer. Spots fire of Covid resurgence not just in Aus but around the world is hampering a good run.
https://7news.com.au/news/travel/sta-travel-goes-into-administrat...
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Last
$20.18 |
Change
0.140(0.70%) |
Mkt cap ! $4.459B | |||
| Open | High | Low | Value | Volume |
| $20.05 | $20.20 | $19.95 | $17.10M | 850.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | $20.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.18 | 2347 | 3 |
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