Persimmon (OTCMKTS:PSMMY) Stock Price Down 0.8% - Should You Sell?

Persimmon Plc (OTCMKTS:PSMMY - Get Free Report)'s share price was down 0.8% during mid-day trading on Monday . The company traded as low as $37.21 and last traded at $37.21. Approximately 5,866 shares changed hands during trading, a decline of 76% from the average daily volume of 24,173 shares. The stock had previously closed at $37.50.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of Persimmon in a report on Tuesday, May 6th.

Persimmon Trading Down 0.8%

The stock's fifty day moving average price is $34.90 and its 200-day moving average price is $32.04.

About Persimmon

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.

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