Shares of Storebrand ASA (OTCMKTS:SREDY – Get Free Report) dropped 6% on Wednesday . The stock traded as low as $40.81 and last traded at $40.81. Approximately 157 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 251 shares. The stock had previously closed at $43.42.
Storebrand ASA Price Performance
The stock has a 50-day simple moving average of $40.13 and a 200 day simple moving average of $34.64.
Storebrand ASA Company Profile
Storebrand ASA is a leading Nordic financial services group specializing in long-term savings and insurance solutions. The company’s core activities include life insurance, pension products, asset management and banking services. Through its integrated platform, Storebrand offers tailored savings plans for individuals and businesses, drawing on a broad range of mutual funds, equity and fixed-income investments, as well as traditional insurance policies.
Within its insurance segment, Storebrand provides both individual and collective pension schemes, disability coverage and endowment policies.
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