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easyjet (OTCMKTS:EJTTF) Shares Gap Down - Here's What Happened

easyjet logo with Transportation background

Key Points

  • easyJet's share price significantly dropped from $6.88 to $5.73 at market open, and is currently trading at $5.74.
  • Royal Bank of Canada upgraded easyJet's stock from a "hold" rating to a "moderate buy" rating, indicating a positive outlook.
  • The company's 50-day and 200-day simple moving averages are $6.85 and $6.80, respectively, suggesting potential volatility ahead.
  • Five stocks we like better than easyjet.

easyjet PLC (OTCMKTS:EJTTF - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $6.88, but opened at $5.73. easyjet shares last traded at $5.74, with a volume of 1,200 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada upgraded easyjet from a "hold" rating to a "moderate buy" rating in a report on Tuesday, June 3rd.

Get Our Latest Stock Report on easyjet

easyjet Price Performance

The business has a fifty day simple moving average of $6.76 and a two-hundred day simple moving average of $6.78.

easyjet Company Profile

(Get Free Report)

easyJet plc operates as a low-cost airline carrier in Europe. The company engages in the provision of holiday packages; aircraft trading and leasing activities; development of building projects; financing and insurance business; and tour operator activities. easyJet plc was founded in 1995 and is headquartered in Luton, the United Kingdom.

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