Shares of Cochlear Limited (OTCMKTS:CHEOF – Get Free Report) dropped 24.9% on Wednesday . The company traded as low as $135.16 and last traded at $135.6770. Approximately 500 shares traded hands during mid-day trading, an increase of 225% from the average daily volume of 154 shares. The stock had previously closed at $180.6650.
Cochlear Stock Performance
The business’s 50 day simple moving average is $179.60 and its 200-day simple moving average is $185.20.
Cochlear Company Profile
Cochlear (OTCMKTS:CHEOF) is a global medical device company specializing in implantable hearing solutions. The company researches, develops, manufactures and markets cochlear implants, bone conduction hearing devices and acoustic implants designed to improve hearing outcomes for individuals with varying degrees of hearing loss. Cochlear’s product portfolio includes implant processors, electrode arrays and sound processor accessories, supported by proprietary digital signal processing technologies.
Founded in 1981 and headquartered in Sydney, Australia, Cochlear has grown into a multi-national organization with operations in North America, Europe, Asia Pacific and Latin America.
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