International Consolidated Airlines Group (OTCMKTS:BABWF) Trading Down 6.7% – Here’s What Happened

International Consolidated Airlines Group S.A. (OTCMKTS:BABWF)’s share price dropped 6.7% during mid-day trading on Friday . The stock traded as low as $5.5975 and last traded at $5.5975. Approximately 3,237 shares changed hands during trading, a decline of 62% from the average daily volume of 8,434 shares. The stock had previously closed at $6.00.

International Consolidated Airlines Group Stock Down 6.7%

The business has a 50 day moving average of $5.71 and a 200-day moving average of $5.33.

About International Consolidated Airlines Group

International Consolidated Airlines Group (OTCMKTS:BABWF), commonly known as IAG, is a London‐based multinational airline holding company formed in January 2011 through the merger of British Airways and Iberia. The group provides passenger air transport services across short-haul and long-haul routes, operates cargo divisions, and offers aircraft maintenance, repair and overhaul (MRO) services. IAG additionally manages loyalty and financial services programs, including its Avios frequent flyer currency, to complement its core aviation activities.

IAG’s airline portfolio comprises British Airways, Iberia, Aer Lingus, Vueling and Level, with a pending acquisition of Air Europa to further strengthen its presence in key markets.