Free Trial

City Developments (OTCMKTS:CDEVY) Sees Strong Trading Volume - Here's What Happened

City Developments logo with Finance background

Key Points

  • City Developments Ltd. experienced a significant trading volume spike of 339% on Monday, with approximately 41,888 shares traded compared to the previous session's 9,545 shares.
  • The stock price declined by 2.9%, closing at $4.87, after previously closing at $4.99.
  • City Developments is a major global real estate company, operating in 112 locations across 29 countries and listed on the Singapore Exchange.
  • Five stocks we like better than City Developments.

Shares of City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 41,888 shares traded hands during trading, an increase of 339% from the previous session's volume of 9,545 shares.The stock last traded at $4.87 and had previously closed at $4.99.

City Developments Stock Up 2.2%

The company's 50 day moving average price is $4.45 and its 200-day moving average price is $3.99. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.81 and a current ratio of 0.81.

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.

Featured Stories

Should You Invest $1,000 in City Developments Right Now?

Before you consider City Developments, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and City Developments wasn't on the list.

While City Developments currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.