China Pacific Insurance (Group) (OTCMKTS:CHPXF) Stock Price Down 2.7% – What’s Next?

China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF)’s stock price traded down 2.7% during mid-day trading on Wednesday . The company traded as low as $4.73 and last traded at $4.73. 1,200 shares changed hands during trading, a decline of 37% from the average session volume of 1,914 shares. The stock had previously closed at $4.86.

China Pacific Insurance (Group) Stock Down 2.7%

The stock’s 50 day moving average price is $4.91 and its two-hundred day moving average price is $4.39.

China Pacific Insurance (Group) Company Profile

China Pacific Insurance (Group) Co, Ltd. (OTCMKTS: CHPXF), commonly known as CPIC, is one of China’s leading insurance conglomerates, headquartered in Shanghai. Established in 1991, the group operates through two primary subsidiaries: China Pacific Property Insurance Company and China Pacific Life Insurance Company. Together, these entities provide a comprehensive suite of insurance products designed to meet the risk management and financial protection needs of individuals, families and businesses across mainland China.

In the property and casualty segment, CPIC offers a broad range of coverage including automobile, homeowners, liability and commercial insurance lines.