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easyjet (OTCMKTS:EJTTF) Shares Gap Up - Here's Why

easyjet logo with Transportation background

Key Points

  • EasyJet shares gapped up from a previous close of $6.55 to open at $6.88, indicating a positive market response with 150 shares traded.
  • The Royal Bank Of Canada upgraded EasyJet's rating from "hold" to "moderate buy" on June 3rd, suggesting increased investor confidence.
  • EasyJet's stock is currently up by 5.0%, with moving averages indicating a price of $7.07 over the last 50 days and $6.74 over the last 200 days.
  • MarketBeat previews the top five stocks to own by October 1st.

easyjet PLC (OTCMKTS:EJTTF - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $6.55, but opened at $6.88. easyjet shares last traded at $6.88, with a volume of 150 shares traded.

Analyst Upgrades and Downgrades

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

Read Our Latest Analysis on EJTTF

easyjet Price Performance

The stock's fifty day moving average is $7.00 and its two-hundred day moving average is $6.75.

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.

Further Reading

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