Great Wall Motor (OTCMKTS:GWLLY) Shares Down 9.8% – Here’s Why

Great Wall Motor Company Limited (OTCMKTS:GWLLYGet Free Report)’s share price dropped 9.8% during trading on Wednesday . The stock traded as low as $9.8310 and last traded at $9.8310. 431 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 2,874 shares. The stock had previously closed at $10.90.

Great Wall Motor Stock Down 9.8%

The stock has a 50-day simple moving average of $11.30 and a 200 day simple moving average of $14.04.

About Great Wall Motor

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Great Wall Motor Co, Ltd. is a Chinese automotive manufacturer headquartered in Baoding, Hebei Province. Founded in 1984, the company has evolved from a regional vehicle assembler into one of China’s largest producers of sport utility vehicles (SUVs) and pickup trucks. Over the decades, Great Wall Motor has invested in research and development to broaden its product portfolio and enhance its manufacturing capabilities.

The company’s principal business activities include the design, development and production of passenger vehicles, commercial vehicles and new energy vehicles.

Further Reading

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