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CHOW TAI FOOK (OTCMKTS:CJEWY) Shares Gap Up - Here's Why

CHOW TAI FOOK logo with Retail/Wholesale background

Key Points

  • CHOW TAI FOOK's stock price gapped up from $17.00 to $18.13 before market opening, with a trading volume of 608 shares.
  • The company declared an increased dividend of $0.3577, payable on September 4th, up from a previous dividend of $0.26, reflecting a substantial yield of 315.0%.
  • The stock's fifty-day moving average is $16.96 and its 200-day moving average is $13.37, indicating a positive price trend.
  • MarketBeat previews top five stocks to own in October.

CHOW TAI FOOK (OTCMKTS:CJEWY - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $17.00, but opened at $18.13. CHOW TAI FOOK shares last traded at $18.13, with a volume of 608 shares.

CHOW TAI FOOK Stock Performance

The firm's 50 day moving average price is $17.18 and its two-hundred day moving average price is $13.65.

CHOW TAI FOOK Increases Dividend

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

CHOW TAI FOOK Company Profile

(Get Free Report)

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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