City Developments (OTCMKTS:CDEVY) Sees Unusually-High Trading Volume – Here’s What Happened

City Developments Ltd. (OTCMKTS:CDEVYGet Free Report) shares saw strong trading volume on Wednesday . 16,254 shares changed hands during mid-day trading, an increase of 516% from the previous session’s volume of 2,638 shares.The stock last traded at $6.89 and had previously closed at $6.95.

Wall Street Analysts Forecast Growth

Separately, Dbs Bank raised City Developments to a “moderate buy” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Get Our Latest Stock Report on City Developments

City Developments Stock Performance

The company’s fifty day simple moving average is $5.97 and its two-hundred day simple moving average is $5.40.

City Developments Company Profile

(Get Free Report)

City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.

The company’s core activities include property development, investment and management.

Further Reading

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