Airline Stock Plummets Alongside Profits
RYAAYRyanair(RYAAY) Schaeffers Investment Research·2024-07-22 23:13

Ryanair Holdings PLC (NASDAQ:RYAAY) stock is plummeting today, down 16.3% at $93.48 and on the short sell restricted (SSR) list, after profit fell 46% in the fiscal first quarter. The company also said air fares would drop even further this summer amid a price war. Now trading at its lowest levels since November, RYAAY is down 27.9% since the start of the year. The 50-day moving average has also been a firm line of pressure since April, as the stock fell from its April 8 record high of $150.73. Ryanair stoc ...