Cathay Pacific Airways (OTCMKTS:CPCAY) Hits New 1-Year High – Here’s Why

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAYGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.10 and last traded at $8.10, with a volume of 2887 shares changing hands. The stock had previously closed at $7.63.

Cathay Pacific Airways Stock Up 6.5%

The business’s fifty day simple moving average is $7.42 and its 200 day simple moving average is $7.11.

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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