Megaworld (OTCMKTS:MGAWY) Shares Down 0.9% – Here’s Why

Megaworld Co. (OTCMKTS:MGAWY)’s stock price traded down 0.9% during mid-day trading on Wednesday . The stock traded as low as $7.7250 and last traded at $7.86. 965 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 1,411 shares. The stock had previously closed at $7.93.

Megaworld Trading Down 0.9%

The business has a 50-day simple moving average of $7.05 and a two-hundred day simple moving average of $7.01.

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.