Bombardier, Inc. (OTCMKTS:BDRBF) continues to move sideways in the previous trading. Will the stock cross $1 in July?
Market Action
On Wednesday, BDRBF stock fell 1.54% to $0.9521 with more than 749K shares, compared to its average volume of 1.31 million shares. The stock has moved within a range of $ 0.9150 – 0.9900 after opening the trade at $0.9150.
Major Trigger:
Bombardier Delivers First Two Global 7500 Aircraft to Proud Canadian Customers
Key Highlights:
- Bombardier announced the publication of its clinical observational study titled, “Longitudinal Assessment of announced that two of the industry-leading Global 7500 aircraft were handed over to two different Canadian customers, marking the first deliveries of the flagship business jet in Canada. Both aircraft will be managed and offered for charter by leading Canadian aircraft services provider, Chartright Air Group, and will be based at Toronto’s Pearson International Airport.
- With production ramped up and a growing worldwide fleet numbering more than 50 aircraft, the Global 7500 aircraft continues to exceed the market’s expectations and reinforces its reputation as an entirely new class of business jet.
Key Quote:
“As the Global 7500 business jet is assembled in Toronto and completed and delivered from Montreal, we are delighted that more Canadians will have the opportunity to share the enormous pride we feel at Bombardier when we witness this spectacular aircraft take to the skies,” said Éric Martel, President and Chief Executive Officer, Bombardier.
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