Why Ryanair Stock Climbed 14.4% in October
Shares of Ryanair (NASDAQ: RYAAY) gained 14.4% in October, according to data from S&P Global Market Intelligence. The Dublin, Ireland-based airline's stock climbed as the company announced new travel routes and a no-deal Brexit appeared to become less likely.
Image source: Ryanair.
Ryanair published a series of press releases in October announcing new connection flights and significant travel route expansions in Spain, Greece, Ukraine, and the U.K. Combined with passenger traffic growth for September and some favorable progression on the Brexit front, the expanded flight offerings helped elevate the stock last month.
Source Fool.com
