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

City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 16,254 shares were traded during trading, an increase of 516% from the previous session's volume of 2,638 shares.The stock last traded at $6.89 and had previously closed at $6.95.Get City Developments alerts:Analyst Upgrades and DowngradesSeparately, Dbs Bank raised shares of City Developments to a "moderate buy" rating in a research report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy".View Our Latest Research Report on CDEVYCity Developments Price PerformanceThe stock's fifty day moving average price is $5.89 and its two-hundred day moving average price is $5.36. About City Developments (Get Free Report)City Developments Limited OTCMKTS: CDEVY is a Singapore-based real estate developer founded in 1963. As one of the country's largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects. The company's core activities include property development, investment and management.See AlsoFive stocks we like better than City DevelopmentsIf You Keep Cash In A U.S. Bank Account… Read This NOWPunch these codes into your ordinary brokerage accountDo not delete, read immediatelyHow a Family Trust May Be Able To Help Preserve Your WealthZacks Puts $25.50 target on BSEM!This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here