Despegar.com(DESP) Soars 5.19% on Prosus Buyout Deal

Despegar.com(DESP)涨0.15%，连涨4天，近4日涨0.26%。The share price rose to its highest level since December 2024 today, with an intraday gain of 0.15%.

The strategy of buying DESP shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years. The annualized return was 14.71%, slightly underperforming the market by 0.29 percentage points. With a final value of $126.14, the $100 investment grew to $357.84, demonstrating the effectiveness of this strategy despite the slight underperformance.

Despegar.com's stock price has been on a steady rise, with a notable increase of 5.19% following a buy signal issued on March 28, 2025. This upward trend is expected to continue until a new top pivot occurs, indicating strong investor confidence in the company's future prospects.

One of the key factors driving this positive sentiment is the recent agreement between Despegar.com and Prosus for a $1.7 billion buyout. This significant transaction is likely to have a substantial impact on the stock's valuation and overall market perception, as investors anticipate the potential benefits and synergies that may arise from the acquisition.