Taylor Wimpey (OTCMKTS:TWODY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) saw unusually-high trading volume on Thursday . 72,125 shares were traded during trading, an increase of 89% from the previous session’s volume of 38,082 shares.The stock last traded at $11.46 and had previously closed at $11.4430.

Analyst Upgrades and Downgrades

Several analysts have commented on TWODY shares. Rothschild & Co Redburn cut shares of Taylor Wimpey from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. The Goldman Sachs Group downgraded Taylor Wimpey from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce”.

Taylor Wimpey Stock Performance

The stock’s 50 day moving average is $10.90 and its 200-day moving average is $11.82.

About Taylor Wimpey

Taylor Wimpey plc is a leading residential developer headquartered in High Wycombe, Buckinghamshire, United Kingdom. The company specializes in the acquisition, planning and construction of new homes for private sale, affordable housing and joint?venture partnerships. With a focus on delivering quality, sustainable communities, Taylor Wimpey guides projects from initial land sourcing and development planning through to marketing, build?out and after?sales management.

Founded in 2007 through the merger of Taylor Woodrow and George Wimpey—each with roots dating back to the early 20th century—Taylor Wimpey has grown to become one of the largest homebuilders in the UK.