Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Gap Down – Should You Sell?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAYGet Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $8.19, but opened at $7.93. Cathay Pacific Airways shares last traded at $7.93, with a volume of 15,020 shares changing hands.

Cathay Pacific Airways Price Performance

The company’s 50 day moving average is $7.50 and its 200 day moving average is $7.14.

About Cathay Pacific Airways

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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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