Down 33%! Should you buy Web Travel shares while they’re under $5?
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Web Travel Group Ltd (ASX: WEB) shares have had a tough run of it since September.
That’s when the S&P/ASX 200 Index (ASX: XJO) travel stock spun off its online travel agency business, Webjet Group (ASX: WJL).
Web Travel is now focused on its WebBeds business, which connects hotels and other travel service providers to travellers around the world. Webjet began trading as an independent entity on 23 September.
On that same day, Web Travel shares opened at $7.37.
At yesterday’s closing price of $4.92, that sees the ASX 200 travel stock down 33.2% since the split.
As you can see on the chart above, most of that pain came in a single day.
On 14 October, Web Travel shares crashed 35.6% to end the day trading for…
