City Developments (OTCMKTS:CDEVY) Shares Gap Up - Here's Why

City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $6.20, but opened at $6.44. City Developments shares last traded at $6.20, with a volume of 896 shares trading hands.Get City Developments alerts:Analyst Ratings ChangesSeparately, Dbs Bank raised City Developments to a "moderate buy" rating in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".Read Our Latest Research Report on CDEVYCity Developments Stock PerformanceThe company has a fifty day moving average price of $5.65 and a two-hundred day moving average price of $5.13. City Developments Company Profile (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.Featured StoriesFive stocks we like better than City DevelopmentsBNZI Posts Record Q3 Revenue – See What’s Driving It.Washington prepares for warNvidia x 1,000,000$100 Trillion “AI Metal” Found in American Ghost TownA month before the crashThis 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