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New World Development (OTCMKTS:NDVLY) Shares Gap Up - Here's What Happened

New World Development logo with Finance background

Key Points

  • New World Development shares experienced a **gap up** from $0.39 to **$0.43** prior to trading, with a trading volume of **199 shares**.
  • Goldman Sachs upgraded the company's rating from **"strong sell"** to **"hold"** in a recent report.
  • The company's stock is performing above its **50-day** and **200-day simple moving averages**, which are **$0.35** and **$0.33**, respectively.
  • Want stock alerts on New World Development? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

New World Development Co. (OTCMKTS:NDVLY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $0.39, but opened at $0.43. New World Development shares last traded at $0.43, with a volume of 199 shares.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded New World Development from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st.

Check Out Our Latest Analysis on NDVLY

New World Development Stock Performance

The stock has a 50 day moving average price of $0.35 and a two-hundred day moving average price of $0.33.

New World Development Company Profile

(Get Free Report)

New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as whole life, term, dread disease, medical, disability, and accident insurance products.

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