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

Standard Chartered PLC (OTCMKTS:SCBFYGet Free Report) saw strong trading volume on Tuesday . 512,217 shares were traded during trading, an increase of 142% from the previous session’s volume of 211,318 shares.The stock last traded at $56.56 and had previously closed at $55.40.

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on SCBFY

Standard Chartered Price Performance

The company has a 50-day moving average price of $54.05 and a 200 day moving average price of $50.06.

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.

Further Reading

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