Shares of Megaworld Co. (OTCMKTS:MGAWY – Get Free Report) fell 5% during mid-day trading on Wednesday . The company traded as low as $7.25 and last traded at $7.25. 2,000 shares changed hands during mid-day trading, an increase of 92% from the average session volume of 1,040 shares. The stock had previously closed at $7.63.
Megaworld Stock Down 5.0%
The firm has a fifty day moving average of $7.61 and a 200 day moving average of $7.07.
About Megaworld
Megaworld Corporation (OTCMKTS: MGAWY) is a Philippines‐based real estate development company that designs, constructs, markets and manages mixed‐use communities. The company’s portfolio spans office buildings, residential condominiums, retail centers, hotels and resorts, with an emphasis on integrated “live‐work‐play” townships. Megaworld’s developments often combine residential units with commercial and leisure components, catering to both urban and emerging provincial markets across Luzon, Visayas and Mindanao.
Founded in 1989, Megaworld pioneered the concept of large‐scale township developments in the Philippines.
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