Shares of Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY – Get Free Report) shot up 7.2% during trading on Thursday . The stock traded as high as $130.80 and last traded at $130.80. Approximately 1,049 shares changed hands during trading, a decline of 98% from the average session volume of 53,388 shares. The stock had previously closed at $122.06.
Commonwealth Bank of Australia Trading Down 2.5%
The company’s fifty day moving average is $117.88 and its 200 day moving average is $119.75.
About Commonwealth Bank of Australia
Commonwealth Bank of Australia is one of Australia’s largest banking and financial services organizations, offering a broad range of products for individual, business and institutional customers. Established by the federal government in 1911, the group has grown into a diversified financial services company that provides everyday banking, lending, payments, wealth management and insurance solutions. The company’s securities are listed on the Australian Securities Exchange and it also has American Depositary Receipts trading OTC under the symbol CMWAY.
Core activities include retail and business banking—deposit accounts, transaction services, mortgages, credit cards and personal and commercial lending—alongside institutional banking services such as corporate finance, markets and transaction banking.
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