Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Gap Up – Here’s Why

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAYGet Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $8.3340, but opened at $9.10. Cathay Pacific Airways shares last traded at $8.83, with a volume of 23,652 shares.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of Cathay Pacific Airways from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

View Our Latest Stock Report on CPCAY

Cathay Pacific Airways Stock Performance

The firm’s 50-day moving average price is $8.01 and its 200 day moving average price is $7.43.

About Cathay Pacific Airways

(Get Free Report)

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) is the flag carrier of Hong Kong, operating a comprehensive network of scheduled passenger and cargo services across Asia, Europe, North America and Australasia. The airline’s fleet consists primarily of wide-body aircraft, including Airbus A330, A350 and Boeing 777 models, which are deployed on routes connecting Hong Kong International Airport to more than 80 destinations worldwide. Cathay Pacific is a founding member of the oneworld alliance, enabling seamless travel and loyalty benefits through partnerships with other leading global carriers.

Established in 1946 by American entrepreneur Roy C.

Further Reading

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