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

City Developments Ltd. (OTCMKTS:CDEVYGet Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 52,004 shares changed hands during trading, an increase of 531% from the previous session’s volume of 8,236 shares.The stock last traded at $5.50 and had previously closed at $5.45.

Analyst Upgrades and Downgrades

Separately, Dbs Bank upgraded shares of City Developments to a “moderate buy” rating in a report on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Read Our Latest Report on City Developments

City Developments Trading Down 3.0%

The business’s 50-day simple moving average is $5.55 and its two-hundred day simple moving average is $4.98.

About City Developments

(Get Free Report)

City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.

Further Reading

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