Cathay Pacific Airways (OTCMKTS:CPCAY) Sees Large Volume Increase - Here's What Happened

Key Points

• Trading volume jumped 84% as 6,589 shares changed hands (vs. 3,579 prior); the stock last traded at $7.9820 and was reported trading up about 2.3% intraday.
• Analyst views are mixed: Zacks upgraded to a "strong-buy" while Citigroup cut to "strong sell", leaving an average MarketBeat rating of "Hold" (1 Strong Buy, 1 Hold, 1 Sell).
• Technicals show the 50-day moving average at $8.09 and the 200-day at $7.53, with the current price near the short-term average and above the long-term trend.

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - Get Free Report) saw strong trading volume on Tuesday . 6,589 shares traded hands during mid-day trading, an increase of 84% from the previous session's volume of 3,579 shares.The stock last traded at $7.9820 and had previously closed at $8.20.

Analyst Ratings Changes

Several brokerages recently issued reports on CPCAY. Zacks Research raised shares of Cathay Pacific Airways from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 25th. Citigroup cut Cathay Pacific Airways from a "hold" rating to a "strong sell" rating in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cathay Pacific Airways has an average rating of "Hold".

Cathay Pacific Airways Trading Up 2.3%

The firm's 50-day moving average price is $8.09 and its two-hundred day moving average price is $7.53.

About Cathay Pacific Airways

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.

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