CHOW TAI FOOK (OTCMKTS:CJEWY) Shares Gap Down - Should You Sell?

Key Points

• CHOW TAI FOOK shares gapped down significantly before the market opened, falling 12.3% from a previous close of $20.29 to an opening of $17.80.
• The company recently declared an increased dividend of $0.3577 per share, representing a dramatic yield of 315.0%, up from the previous dividend of $0.26.
• CHOW TAI FOOK operates as an investment holding company, manufacturing and selling jewelry products across various countries including Mainland China and the United States.

CHOW TAI FOOK (OTCMKTS:CJEWY - ) gapped down before the market opened on Thursday . The stock had previously closed at $20.29, but opened at $17.80. CHOW TAI FOOK shares last traded at $17.80, with a volume of 200 shares traded.

CHOW TAI FOOK Stock Down 12.3%

The business has a 50 day simple moving average of $19.15 and a 200 day simple moving average of $16.07.

CHOW TAI FOOK Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 7th were given a dividend of $0.3577 per share. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a yield of 315.0%. This is an increase from CHOW TAI FOOK's previous dividend of $0.26.

About CHOW TAI FOOK

Chow Tai Fook Jewellery Group Limited, an investment holding company, manufactures and sells jewelry products in Mainland China, Hong Kong, Macau, Taiwan, Cambodia, Canada, Korea, Japan, Malaysia, the Philippines, Singapore, Thailand, the United States, and Vietnam. The company offers gem-set, platinum and k-gold jewelry, and gold jewelry and products under the CHOW TAI FOOK, HEARTS ON FIRE, ENZO, MONOLOGUE, and SOINLOVE brands.

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