China Eastern Airlines Corporation Ltd Stock News

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China Halts Some US Flights As Omicron Wave Spreads The rate at which new infections of COVID-19 have spread worldwide is rapidly increasing, forcing China''s civil aviation regulator to suspend some flights from the US to Shanghai, according to Shanghai Daily . Civil Aviation Administration of China (CAAC) said five flights to Shanghai operated by Delta Air Lines, American Airlines, United Airlines, and China Eastern Airlines have been suspended beginning next week. Over 50 passengers on these flights have tested positive since the end of 2021 at Shanghai Pudong International Airport, the Civil Aviation Administration of China said. Among the most severely affected, Delta Air Lines Flight DL287 from Seattle to Shanghai will be suspended through the end of February. Six travelers on the flight tested positive at the Pudong airport on January 1, while another 11 on the same flight tested positive on January 6. American Airlines Flight AA127 will be put on hold for four weeks beginning January 24 after 10 passengers tested positive upon arrival at Pudong Airport on December 31.

Parametric Portfolio Associates LLC cut its stake in shares of China Eastern Airlines Co. Limited (NYSE:CEA) by 36.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,626 shares of the transportation companys stock after selling 9,134 shares during the period. Parametric Portfolio []

Chinas domestic air traffic is faltering due to a zero-Covid policy that has led to tighter travel rules in Beijing and weaker consumer confidence after repeated small outbreaks. Chinas domestic air industry on verge of collapse Global Village, Top News, 2022 Winter Olympics, Boeing 737 MAX, China Eastern Airlines, China Southern Airlines, Chinas domestic air [] The post Chinas domestic air industry on verge of collapse appeared first on Asian ThinkTank .

China Eastern Airlines Corporation Ltd. - ADR (CEA) shares closed 0.3% lower than its previous 52 week low, giving the company a market cap of $1B. The stock is currently down 17.5% year-to-date, down 23.7% over the past 12 months, and down 23.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.4%, and the S&P 500 fell 0.6%. Trading Activity Trading volume this week was 279.0% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.5. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 736.5% The company's stock price performance over the past 12 months lags the peer average by 141.6% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

JPMorgan Chase & Co. downgraded shares of China Eastern Airlines (NYSE:CEA) from an overweight rating to a neutral rating in a research note released on Monday morning, PriceTargets.com reports. Separately, Zacks Investment Research cut China Eastern Airlines from a hold rating to a sell rating in a report on Tuesday, November 16th. Shares of NYSE []

Veriti Management LLC purchased a new position in China Eastern Airlines Co. Limited (NYSE:CEA) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 11,594 shares of the transportation companys stock, valued at approximately $221,000. Several other large investors also recently modified their holdings of the company. Citadel []

Zacks Investment Research lowered shares of China Eastern Airlines (NYSE:CEA) from a hold rating to a sell rating in a research note released on Tuesday morning, Zacks.com reports. According to Zacks, China Eastern is involved in the Transportation Industry, and is the primary air carrier serving Shanghai, Chinas eastern gateway. Separately, JPMorgan Chase & []

Jan.05 -- Kelvin Lau, executive director of Daiwa Capital Markets, discusses the prospects for Chinese transportation companies. Daiwa downgraded Hong Kong-listed shares of China Eastern Airlines Corp

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