Shares of Singapore Airlines Limited (OTCMKTS:SINGF – Get Free Report) fell 14.7% on Thursday. The company traded as low as $4.69 and last traded at $4.69. 795 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 23,126 shares. The stock had previously closed at $5.50.
Singapore Airlines Stock Performance
The company has a 50-day simple moving average of $5.27 and a two-hundred day simple moving average of $5.35.
About Singapore Airlines
Singapore Airlines Limited is the flag carrier of Singapore and a global airline group headquartered in Singapore. The company operates scheduled passenger and cargo services through its Singapore hub, connecting Southeast Asia with destinations across Asia-Pacific, Europe, the Middle East, Africa and North America.
Its principal business is commercial air transportation, supported by related services including air freight, aircraft maintenance, engineering and training. The group also operates Scoot, its low-cost subsidiary, and offers travel-related services through programs such as KrisFlyer, its customer loyalty program.
Singapore Airlines traces its origins to Malayan Airways, which began operations in 1947.
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