Qantas Airways (OTCMKTS:QABSY) Stock Price Down 1.3% – Here’s What Happened

Qantas Airways Limited (OTCMKTS:QABSYGet Free Report)’s stock price dropped 1.3% during mid-day trading on Thursday . The company traded as low as $36.82 and last traded at $36.82. Approximately 48,410 shares were traded during mid-day trading, an increase of 54% from the average daily volume of 31,456 shares. The stock had previously closed at $37.3180.

Qantas Airways Stock Performance

The business has a 50 day moving average of $34.85 and a two-hundred day moving average of $35.14.

About Qantas Airways

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Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. The company provides a broad range of air transport services including scheduled passenger flights, air freight logistics, aircraft maintenance and engineering, and in-flight catering. It also operates a leading loyalty program, Qantas Frequent Flyer, which serves as a cornerstone of its revenue diversification strategy.

Founded in 1920 in Winton, Queensland, Qantas initially served remote outback communities before expanding into a national carrier following World War II.

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