Shares of Phoenix Group Holdings plc (OTCMKTS:PNXGF – Get Free Report) shot up 18.8% on Monday . The stock traded as high as $12.00 and last traded at $12.00. 1,600 shares were traded during mid-day trading, an increase of 41% from the average daily volume of 1,132 shares. The stock had previously closed at $10.10.
Phoenix Group Price Performance
The stock has a 50-day simple moving average of $11.10 and a 200 day simple moving average of $10.25.
About Phoenix Group
Phoenix Group Holdings plc is a leading UK-based consolidator of closed life insurance and pension funds. The company specialises in acquiring and managing legacy policies from a range of sellers, including insurers, banks and other financial institutions. By bringing together dispersed portfolios under a single operational platform, Phoenix Group aims to optimise capital efficiency and deliver cost-effective administration for policyholders.
The group’s core services include the management of life assurance, annuity and pension policies, alongside tailored solutions for individual and corporate clients.
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