Australia's Web Travel drops after managing director sells shares

Webbeds

01/06/2026 02:24

** Shares of Australia's Web Travel Group WEB.AX fall as much as 6.1% to A$2.45, their biggest drop since May 20
** B2B travel distributor firm said on Friday, Managing Director Johan Guscic disposed of 2.7 million shares 
** Shares disposed of at a consideration of A$6.9 million ($4.96 million)
** WEB down 46.4% YTD
($1 = 1.3922 Australian dollars)

(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))