Up 78% since April, why is the Webjet share price taking off again today?
Image source: Getty Images
The Webjet Group (ASX: WJL) share price is lifting higher today.
Shares in the All Ordinaries Index (ASX: XAO) travel agency closed yesterday trading for 87 cents. In morning trade on Wednesday, shares are changing hands for 89 cents apiece, up 2.2%.
For some context, the All Ords is up 0.6% at this same time.
It was only back on 4 April that the Webjet share price hit an all-time closing low of 50 cents. If you were brave enough to buy the dip on that date, you’ll be sitting on gains of 78% as I pen this.
As you’re likely aware, Webjet began trading as an independent entity on 23 September, following its demerger from Web Travel Group Ltd (ASX: WEB).
Today’s boost follows the release of the company’s
