easyJet shares rise 1.54% and outperform weaker market
Updated
Updated · MarketWatch · May 1
easyJet shares rise 1.54% and outperform weaker market
12 articles · Updated · MarketWatch · May 1
The stock closed at £3.57 on Friday as the FTSE 100 fell 0.14% to 10,363.93 in a broadly weak UK session.
Trading volume was 2.1 million shares, well below the 50-day average of 7.2 million, indicating the gain came on relatively light activity.
Even after the advance, easyJet remained 39.55% below its 52-week high of £5.91 reached on 11 June.
Given easyJet's low P/E and heavy risks, what would it take for investors to regain confidence and drive shares back near their 52-week highs?
With fuel prices soaring and booking curves shortening, could easyJet's strong liquidity and hedging really shield it from a turbulent summer ahead?
Is easyJet's Holidays division growth enough to offset mounting airline losses, or could industry-wide disruptions derail its ambitious profit targets?