Travel stocks running on fumes Apr 26, 2021 – 4.37pm Share Investors appear to be optimistic that travel businesses are good bets despite them running on a mix of capital raisings, debt, government lending, half-price airfares, JobKeeper and savage cost-saving redundancies over the past 12 months. While the stock prices rebounded from last year’s lows, insiders took the opportunity to reduce their holdings. Corporate Travel’s chief executive and founder, Jamie Pherous, sold 1.5 million shares for $21 each on March 16, demonstrating a remarkable talent for timing the market. Pherous sold just one day after the shares closed at their post-pandemic high and only closing 1¢ off the high on the day he cashed out.