China Eastern Airlines Co. Limited (OTCMKTS:CHEAF – Get Free Report) shares shot up 7.3% during trading on Monday . The company traded as high as $0.3974 and last traded at $0.3974. Approximately 1,000 shares were traded during trading, a decline of 81% from the average daily volume of 5,180 shares. The stock had previously closed at $0.3703.
China Eastern Airlines Stock Performance
The company has a 50 day simple moving average of $0.39 and a two-hundred day simple moving average of $0.51.
China Eastern Airlines Company Profile
China Eastern Airlines Corporation Limited is one of the three major state-owned airlines in the People’s Republic of China, with its headquarters and primary hubs located in Shanghai. Established in 1988 through the reorganization of the Civil Aviation Administration of China’s regional operations, the company operates under the auspices of China Eastern Air Holding Company, a state-owned enterprise supervised by the State-owned Assets Supervision and Administration Commission. Over the decades, China Eastern has grown into a leading carrier, leveraging Shanghai’s Pudong and Hongqiao airports as central nodes for its expansive route network.
The company’s core business comprises scheduled passenger air transport services, freight and mail delivery, and aircraft maintenance services.
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