City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 16,254 shares were traded during 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 Analyst Weigh In
Separately, Dbs Bank upgraded City Developments to a “moderate buy” rating in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.
Read Our Latest Stock Report on CDEVY
City Developments Stock Down 0.9%
City Developments Company Profile
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.
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