Chorus (OTCMKTS:CHRYY) Shares Gap Down – Here’s What Happened

Chorus Ltd. (OTCMKTS:CHRYYGet Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $28.0601, but opened at $27.00. Chorus shares last traded at $27.00, with a volume of 396 shares traded.

Chorus Stock Performance

The company’s 50 day moving average price is $27.89 and its 200 day moving average price is $27.99.

About Chorus

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Chorus Limited is New Zealand’s largest provider of fixed-line telecommunications infrastructure. Established in December 2011 following a demerger from Telecom New Zealand, the company owns and operates the fibre optic and copper network that forms the backbone of the country’s broadband and voice services.

Chorus specialises in wholesale network access, delivering fibre-to-the-premises (FTTP), fibre-to-the-cabinet (FTTC) and copper-based broadband connections to retail service providers such as Spark, 2degrees and Vodafone.

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