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Why the Corporate Travel share price is up 57% in August – Motley Fool Australia
Corporate Travel Management ‘s share price is up 57% so far in August. Why are investors piling into the company’s shares?
The Corporate Travel Management Ltd(ASX: CTD) share price has shot up more than 57% so far in August. For some perspective, during that same time, the S&P/ASX 200 Index (ASX: XJO) gained 3.3%. Like most ASX shares — especially those in the travel and leisure industries — Corporate Travel’s shares took a beating during the COVID-19 inspired market rout. From its 20 January high, the company’s share price fell 79% through to 19 March.
The Corporate Travel share price has gained a stellar 192%…
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