Shares of Wesfarmers Limited (OTCMKTS:WFAFY – Get Free Report) shot up 0.3% on Thursday . The company traded as high as $28.44 and last traded at $28.10. 302,025 shares were traded during trading, an increase of 176% from the average session volume of 109,296 shares. The stock had previously closed at $28.02.
Wesfarmers Price Performance
The business’s fifty day moving average price is $26.47 and its 200-day moving average price is $27.26.
Wesfarmers Company Profile
Wesfarmers Limited is one of Australia’s largest diversified corporations, headquartered in Perth, Western Australia. Established in 1914 as a farmers’ cooperative, the company has evolved into a broad-based conglomerate with operations spanning retail, industrials, chemicals, energy and resources. Wesfarmers is listed on the Australian Securities Exchange and trades in the United States over-the-counter under the symbol WFAFY.
In the retail sector, Wesfarmers owns and operates a number of high-profile brands, including Bunnings Warehouse, Kmart, Target and Officeworks.
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