Icade (OTCMKTS:CDMGF) Trading Down 6.5% – Here’s Why

Shares of Icade (OTCMKTS:CDMGFGet Free Report) dropped 6.5% during mid-day trading on Thursday . The stock traded as low as $22.45 and last traded at $22.45. Approximately 200 shares traded hands during mid-day trading, an increase of 43% from the average daily volume of 140 shares. The stock had previously closed at $24.00.

Icade Price Performance

The company has a 50-day moving average of $23.22 and a 200-day moving average of $25.47.

About Icade

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Icade is a full-service real estate company with expertise in both commercial property investment (portfolio worth 6.8bn on a full consolidation basis as of 12/31/2023) and property development (2023 economic revenue of 1.3bn) that operates throughout France. Icade has forged longterm partnerships to respond to emerging trends in the industry.

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