Cebu Air (OTCMKTS:CEBUY) Trading Up 69.3% – Here’s What Happened

Cebu Air, Inc. (OTCMKTS:CEBUY) shares were up 69.3% during mid-day trading on Thursday . The stock traded as high as $2.54 and last traded at $2.54. Approximately 500 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 1,050 shares. The stock had previously closed at $1.50.

Cebu Air Trading Up 69.3%

The company’s 50-day moving average is $2.21 and its 200 day moving average is $2.01.

Cebu Air Company Profile

Cebu Air, Inc, operating under the brand name Cebu Pacific, is the largest low-cost carrier in the Philippines, providing both passenger and cargo air transport services. The airline’s network encompasses a mix of domestic routes linking major Philippine cities with international connections to key destinations in Southeast Asia, Northeast Asia, the Middle East and Australia. Cebu Pacific’s product offering extends beyond basic airfare to include ancillary services such as seat selection, excess baggage, in-flight meals, and its GetGo loyalty program, designed to enhance the travel experience and generate ancillary revenue streams.

Founded in 1988 by John Gokongwei Jr.