Shares of Copa Holdings S.A. (NYSE:CPA) Sees Large Outflow of Money

Copa Holdings S.A. (NYSE:CPA) : The total negative money flow of $5.1 million on Wednesday indicates selling on strength. The inflow of money on upticks was $8.26 million, compared to $13.36 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.62. The negative money flow of $4.69 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $4.69 million. The price action in the Copa Holdings S.A. (NYSE:CPA) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $51.81 with a gain of $1.39 , a change of 2.76% over the previous days close. The stock registered -2.45% for the week.


Institutional Investors own 73.1% of Copa Holdings S.A. shares.

The company shares have dropped -38.49% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $86.37 and the one year low was seen on Sep 28, 2015. The 50-Day Moving Average price is $52.92 and the 200 Day Moving Average price is recorded at $56.32. Copa Holdings S.A. (NYSE:CPA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.09 and $50.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.74, notching a gain of 2.62% for the day. The total traded volume was 948,101 . The stock had closed at $50.42 on the previous day.

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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