Shares of Stockland (OTCMKTS:STKAF – Get Free Report) fell 13.9% on Monday. The company traded as low as $2.6275 and last traded at $2.6275. Approximately 724 shares were traded during trading, a decline of 80% from the average session volume of 3,575 shares. The stock had previously closed at $3.05.
Stockland Stock Down 13.9%
The company’s 50 day moving average price is $2.92 and its two-hundred day moving average price is $2.96.
About Stockland
Stockland (OTCMKTS:STKAF) is an Australian property company that develops, owns and manages residential and commercial real estate. Its activities include master-planned residential communities, land lease communities, logistics and industrial properties, and retail town centres.
The company’s residential business develops communities that typically include housing lots, homes and supporting amenities such as parks, schools and local facilities. Stockland’s commercial portfolio is focused primarily on retail and logistics properties, which it manages for tenants, customers and the wider communities they serve.
Founded in 1952, Stockland operates across Australia and has built a long-standing presence in the country’s property sector.
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