Standard Chartered (OTCMKTS:SCBFY) Sees Large Volume Increase – Here’s What Happened

Standard Chartered PLC (OTCMKTS:SCBFYGet Free Report) saw unusually-high trading volume on Thursday . Approximately 248,601 shares were traded during trading, an increase of 19% from the previous session’s volume of 208,442 shares.The stock last traded at $56.54 and had previously closed at $54.87.

Analyst Ratings Changes

Separately, Zacks Research raised Standard Chartered from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Standard Chartered has a consensus rating of “Strong Buy”.

Get Our Latest Stock Analysis on Standard Chartered

Standard Chartered Trading Up 1.2%

The company’s fifty day simple moving average is $53.38 and its two-hundred day simple moving average is $49.74.

About Standard Chartered

(Get Free Report)

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.

Further Reading

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