City Developments (OTCMKTS:CDEVY) Shares Gap Up – Here’s Why

by · The Cerbat Gem

Shares of City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $5.61, but opened at $5.99. City Developments shares last traded at $5.99, with a volume of 10,976 shares.

Wall Street Analyst Weigh In

Separately, Dbs Bank upgraded City Developments to a “moderate buy” rating in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

View Our Latest Stock Analysis on City Developments

City Developments Stock Up 6.8%

The stock has a 50 day simple moving average of $5.55 and a 200 day simple moving average of $5.03.

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.

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