Why Is the U S Government Tempting Nuclear Annihilation? rcreader.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rcreader.com Daily Mail and Mail on Sunday newspapers.
Why are we tempting nuclear annihilation? Watch Max Blumenthal address UN Security Council – The Greanville Post greanvillepost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from greanvillepost.com Daily Mail and Mail on Sunday newspapers.
Air Canada (TSX:AC) Momentum Returns: Is $50 the Next Destination?
More on: Image source: Getty Images.
Air Canada (TSX:AC) stock has surged more than 3%, surpassing the $27 mark. This is the first time since the government bailout on April 12 that the stock has crossed $27. This shows that investors are past the 6% equity dilution the bailout brings and are now hoping for a brighter future. The news that helped Air Canada break the growth barrier was the airline’s return to North Bay, Ontario. Does AC stock have the potential to reach $50 by May 2020?
Air Canada momentum returns
Before the bailout, Air Canada stock surged on hopes of reopening of skies. Every time the airline scheduled flights, they later got cancelled due to a surge in COVID cases. But this time it’s different. The vaccination drive is in full swing. Prime Minister Justin Trudeau’s one-shot summer is on track to have maximum Canadians vaccinated by September.
Will Spring Come for Air Canada (TSX:AC) in September?
More on: Image source: Getty Images
Air Canada(TSX:AC) stock has reached a plateau after the government bailout in early April. This has made investors anxious about whether the stock has lost its momentum. But a two-month of little activity is too little a time to give up on the momentum stock. The bailout has protected Air Canada from bankruptcy, thus removing the fear of the stock falling back to the $20 price. Now, you have to wait for the spring, which will most likely come in September for AC.