Copa Holdings S.A. (CPA) Shares are Up 9.48%

Copa Holdings S.A. (CPA) : Traders are bullish on Copa Holdings S.A. (CPA) as it has outperformed the S&P 500 by a wide margin of 24.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 9.42%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.48% in the last 1 week, and is up 25.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 17.5% and the 50-Day Moving Average is 35.77%. Copa Holdings S.A. (NYSE:CPA): stock turned positive on Friday. Though the stock opened at $80.05, the bulls momentum made the stock top out at $82.47 level for the day. The stock recorded a low of $79.51 and closed the trading day at $82.08, in the green by 2.59%. The total traded volume for the day was 598,943. The stock had closed at $80.01 in the previous days trading.


Institutional Investors own 75.05% of Copa Holdings S.A. shares. Also, HSBC downgrades its view on Copa Holdings S.A. (NYSE:CPA) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on August 5, 2016.

Copa Holdings, S.A. (Copa Holdings) is a Latin American provider of airline passenger and cargo service through its two principal operating subsidiaries, Copa Airlines and Copa Colombia. Copa Airlines operates from its located position in the Republic of Panama, and Copa Colombia provides service within Colombia and international flights from various cities in Colombia to Panama, Venezuela, Ecuador, Mexico, Cuba, Guatemala and Costa Rica. As of December 31, 2013, the Company operates a fleet of 90 aircraft, 64 Boeing 737-Next Generation aircraft and 26 Embraer 190 aircraft. The Company offers approximately 327 daily scheduled flights among 66 destinations in 29 countries in North, Central and South America and the Caribbean from its Panama City hub. The Company provides passengers with access to flights to more than 150 other destinations through codeshare arrangements with UAL and other airlines.

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