Despegar.com’s shares jumped very sharply on Wall Street contrary to what happened with the other papers of national companies in the United States.
This Thursday, almost all Argentine shares listed on Wall Street closed in red or with almost neutral results. However, the role of a local company “takes off” from the restsince it showed an extremely positive result and surprised the markets.
Is about Despegar.com shares, which jumped 12.05% on the United States stock market this Thursday. And as far as he could find out AmbitThis is because the company’s profits in the first four-month period were very good compared to the previous ones.
This is how it informs Leonardo Svirskyan operator with a long history in the market, who points out that “increased their income by 41% in the first four months of the year” and that led to some purchase recommendations today, for example, by Itaú and Citi.
Why do Despegar actions jump?
This recovery, according to Svirsky, responded to “an improvement in the demand for international traffic”, surely. And it is that, takeoff.com is a online travel agency which has operations in 21 countries, the largest in Latin America.
It is a technology company that is dedicated to tourism, one of the sectors most affected by the social isolation that was implemented during the pandemic. This measure, which was taken in Argentina and in almost every country in the world in 2020, hit Despegar very hard.
Likewise, in March of this year, the company’s shares had fallen sharply after the resignation of Alberto López Gaffney, the company’s financial director (CFO), and the news was a consequence of the worrying data that the firm had been showing on its balance sheets. .
That had hit company shares hard, which had fallen more than 50% in a year. Now, a few months after the change in its leadership,a recovery of the results was noted and that translated into a strong jump in the value of the company’s shares abroad that was seen this Thursday.
Source: Ambito
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