Wesfarmers (OTCMKTS:WFAFY) Trading 0.4% Higher – Should You Buy?

by · The Markets Daily

Shares of Wesfarmers Limited (OTCMKTS:WFAFY – Get Free Report) traded up 0.4% during trading on Friday . The stock traded as high as $27.90 and last traded at $27.7850. 50,396 shares changed hands during trading, a decline of 27% from the average session volume of 69,145 shares. The stock had previously closed at $27.67.

Wesfarmers Stock Performance

The firm’s 50-day simple moving average is $26.86 and its 200-day simple moving average is $28.23.

Wesfarmers Company Profile

(Get Free Report)

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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