Commonwealth Bank of Australia (OTCMKTS:CBAUF) Trading Down 10.2% – Time to Sell?

Commonwealth Bank of Australia (OTCMKTS:CBAUF)’s stock price fell 10.2% during mid-day trading on Thursday . The company traded as low as $97.63 and last traded at $97.63. 612 shares changed hands during trading, a decline of 44% from the average session volume of 1,086 shares. The stock had previously closed at $108.72.

Commonwealth Bank of Australia Stock Performance

The firm has a 50-day moving average price of $104.25 and a two-hundred day moving average price of $109.10.

Commonwealth Bank of Australia Company Profile

Commonwealth Bank of Australia (OTCMKTS:CBAUF) is a diversified financial services group headquartered in Sydney, Australia. Established by the Australian government in 1911, it has grown into one of the country’s largest banking institutions. The bank maintains a dual listing, primarily trading on the Australian Securities Exchange, with its American Depositary Receipts available over‐the‐counter in the United States under the ticker CBAUF.

The bank’s core activities span retail, business and institutional banking, alongside wealth management and insurance services.