Chorus (OTCMKTS:CHRYY) Shares Gap Down – Here’s What Happened

Chorus Ltd. (OTCMKTS:CHRYYGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $28.0601, but opened at $26.2550. Chorus shares last traded at $26.2550, with a volume of 243 shares trading hands.

Chorus Stock Performance

The stock has a 50 day moving average price of $27.78 and a 200-day moving average price of $27.95.

About Chorus

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Chorus Limited is New Zealand’s largest provider of fixed-line telecommunications infrastructure. Established in December 2011 following a demerger from Telecom New Zealand, the company owns and operates the fibre optic and copper network that forms the backbone of the country’s broadband and voice services.

Chorus specialises in wholesale network access, delivering fibre-to-the-premises (FTTP), fibre-to-the-cabinet (FTTC) and copper-based broadband connections to retail service providers such as Spark, 2degrees and Vodafone.

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