Cathay Pacific Airways (OTCMKTS:CPCAY) Sees Large Volume Increase – Time to Buy?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAYGet Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 23,016 shares traded hands during trading, an increase of 457% from the previous session’s volume of 4,131 shares.The stock last traded at $7.55 and had previously closed at $7.75.

Cathay Pacific Airways Trading Up 1.2%

The stock’s fifty day moving average price is $7.29 and its 200-day moving average price is $7.06.

Cathay Pacific Airways Company Profile

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Cathay Pacific Airways Limited, together with its subsidiaries, offers international passenger and air cargo transportation services. The company conducts airline operations principally to and from Hong Kong. It also engages in the property investment and travel reward program; operates as a travel tour operator; and provision of financial, aircraft acquisition facilitation, airline catering, information processing, aircraft ramp handling, laundry and dry cleaning, ground handling, and cargo terminal services.

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