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Wotif Shares Spike After 3.5% of Company Sold

19 March, 2014 by Martin Kelly, Travel Trends

Wotif shares rose more than 11% today after 3.5% of the company was sold in an after-hours block trade. At this stage it is not know who sold or bought. The stock, which has been heavily shorted, is trading at $2.72 at the time of writing after falling to an all-time low of $2.20 on Monday. Meanwhile, CEO Scott Blume has been out and about meeting investors and there is a feeling the stock has been oversold.