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easyjet (OTCMKTS:EJTTF) Trading Down 4% - Here's Why

easyjet logo with Transportation background

Key Points

  • easyJet's stock fell 4% during trading on Tuesday, reaching a low of $6.55, with a significant trading volume increase of 1,823% compared to its average.
  • Royal Bank of Canada has upgraded easyJet's shares from a "hold" rating to a "moderate buy" rating, indicating a positive outlook for the company.
  • The company's 50-day moving average is $7.23, while the 200-day moving average stands at $6.73, suggesting a potential trend in stock performance.
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easyjet PLC (OTCMKTS:EJTTF - Get Free Report)'s stock price traded down 4% during trading on Tuesday . The company traded as low as $6.55 and last traded at $6.55. 1,000 shares were traded during trading, an increase of 1,823% from the average session volume of 52 shares. The stock had previously closed at $6.82.

Analyst Ratings Changes

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

Read Our Latest Stock Report on easyjet

easyjet Stock Performance

The company's 50-day moving average is $7.23 and its 200 day moving average is $6.73.

About easyjet

(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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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