Written by Adam Othman at The Motley Fool Canada
Shares of Cargojet (TSX:CJT) stock have been on an upward trend since the end of October 2023, as a potential bull market arguably lingers on the horizon. As of this writing, Cargojet stock trades for $119.17 per share, up by 55.77% from its 52-week low. Despite the recent uptick in the last couple of months, it trades at a 50.87% discount from its November 2020 all-time high.
Considering these facts, Cargojet stock is undoubtedly worth a closer look as you continue your stock market investing journey in 2024. Whether it remains a strong buy or a stock to watch from the sidelines for now, understanding what has been happening with it can paint a clearer picture for you to make a well-informed decision.
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