Shares of Cebu Air, Inc. (OTCMKTS:CEBUY – Get Free Report) traded down 11.7% on Wednesday. The company traded as low as $1.7670 and last traded at $1.7670. 100 shares changed hands during trading, a decline of 73% from the average session volume of 375 shares. The stock had previously closed at $2.00.
Cebu Air Stock Down 11.7%
The business’s 50 day moving average is $2.32 and its 200-day moving average is $2.47.
About Cebu Air
Cebu Air, Inc, operating under the Cebu Pacific brand, is a Philippine low-cost airline that provides scheduled passenger and air-cargo services. The company serves destinations within the Philippines and operates international routes across Asia and the Middle East, connecting major Philippine cities with regional markets.
Cebu Pacific began commercial operations in 1996 and has developed a broad domestic network alongside its international services. Its business includes the sale of air transportation, ancillary travel services, and cargo capacity.
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