Shares of Megaworld Co. (OTCMKTS:MGAWY – Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $7.01 and traded as low as $6.61. Megaworld shares last traded at $6.61, with a volume of 1,278 shares trading hands.
Megaworld Stock Performance
The business’s 50-day moving average is $6.89 and its 200 day moving average is $7.01.
Megaworld Company Profile
Megaworld Corporation is a Philippine real estate developer best known for creating large-scale, mixed-use townships that combine residential, office, retail, hospitality and entertainment components. The company develops and sells residential condominiums and manages commercial properties, including office buildings, shopping centers and lifestyle malls.
Founded in 1989 by businessman Andrew Tan, Megaworld has expanded its operations across the Philippines. Its portfolio includes integrated developments in Metro Manila and major regional centers, with projects designed to combine homes, workplaces, retail destinations and leisure facilities within master-planned communities.
The company also has interests in the hotel and tourism sectors through hospitality properties and related developments.
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