The chart of WEB looks like a carbon copy of QAN i.e. since the outbreak of COVID the travel and tourism sector has largely moved as one. Interestingly this is one stock that in many analysts opinion missed expectations in areas with their result yesterday but the shares managed to rally albeit only +1.4%. Revenue was up 258% to $138mn which was a small miss for Goldman Sachs but operating cash flow came in at $71.5mn, way ahead of expectations which led to the stocks solid performance through an extremely weak day.
MM is mildly bullish WEB
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