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Why Despegar Stock Sank 25.6% in September

TheMotleyFool

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Why Despegar Stock Sank 25.6% in SeptemberPhoto, wide shot, wide-angle lens, Home appliance manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/5d70b6df-fa9b-4237-9702-39c36cb1d4f8.png

Shares of Despegar (NYSE: DESP) slumped 25.6% in September, according to data from S&P Global Market Intelligence. The Latin American online travel company lost ground amid a sell-off in the broader market and surges in newly diagnosed COVID-19 infections in many parts of the world.