Why Despegar Stock Flew 21% Higher in January
Shares of Despegar (NYSE: DESP) took flight in January, soaring 21.1% in the month, according to data by S&P Global Market Intelligence, as several analysts either reiterated their generally bullish sentiment on the stock or upgraded their outlook for the Latin American online travel site.
Despegar stock fell 24% in 2021 and had lost nearly three-quarters of its value from the highs reached last March. But as the region's biggest booking agent, it had apparently become too discounted to ignore anymore.
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Source Fool.com
