Wesfarmers Limited (OTCMKTS:WFAFY – Get Free Report) shares rose 2% during mid-day trading on Tuesday . The stock traded as high as $28.00 and last traded at $27.44. Approximately 100,995 shares traded hands during mid-day trading, an increase of 98% from the average daily volume of 50,938 shares. The stock had previously closed at $26.91.
Wesfarmers Stock Up 2.0%
The stock’s fifty day simple moving average is $27.35 and its two-hundred day simple moving average is $28.24.
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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