Standard Chartered (OTCMKTS:SCBFY) Sees Strong Trading Volume – Here’s What Happened

Standard Chartered PLC (OTCMKTS:SCBFYGet Free Report) saw unusually-high trading volume on Thursday . Approximately 571,610 shares changed hands during mid-day trading, an increase of 169% from the previous session’s volume of 212,355 shares.The stock last traded at $49.6250 and had previously closed at $47.65.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Standard Chartered to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

View Our Latest Analysis on SCBFY

Standard Chartered Price Performance

The stock’s 50-day simple moving average is $50.13 and its 200 day simple moving average is $48.39.

Standard Chartered Company Profile

(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.

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