Bombardier, Inc. (OTCMKTS:BDRBF) Stock Moving in a Tight range After The Jump: How to Trade Now?

Bombardier, Inc. (OTCMKTS:BDRBF) stock is seeing a bit of selling pressure in the opening session on Wednesday. The stock has jumped over 16% in the past month.

Major Trigger:

Bombardier Delivers First Two Global 7500 Aircraft to Proud Canadian Customers

Key Highlights:

• 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.

“Our Global 7500 aircraft continues to redefine long-distance business travel,” said Peter Likoray, Senior Vice President, Sales, New Aircraft, Bombardier. “The superior performance, luxurious in-flight experience and signature smooth ride of this aircraft will open a new world of long-range travel possibilities for Canadian customers, as it has done elsewhere in the world.”

Market Reactions:

As of 12:07, BDRBF stock fell by 1.55% at $0.9520. Total volume so far stood at 626K shares, compared to its average volume of 1.38 million shares.  The stock moved within a range of $0.9150 – 0.9900 after opening at $0.9150.