Direct Line Insurance Group (OTCMKTS:DIISY) Trading 15.2% Higher – Still a Buy?

Direct Line Insurance Group plc (OTCMKTS:DIISYGet Free Report) shares rose 15.2% during trading on Friday . The stock traded as high as $18.00 and last traded at $18.00. Approximately 2,408 shares changed hands during trading, an increase of 73% from the average daily volume of 1,394 shares. The stock had previously closed at $15.63.

Direct Line Insurance Group Price Performance

The company has a fifty day simple moving average of $18.00 and a two-hundred day simple moving average of $17.69.

About Direct Line Insurance Group

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Direct Line Insurance Group is a United Kingdom–based insurer that specializes in providing a broad range of personal and commercial lines products directly to consumers. Established in 1985 as part of the Royal Bank of Scotland Group, the business was demerged in 2012 and subsequently listed on the London Stock Exchange in 2014. The company distributes its products primarily through online, telephone and mobile channels, bypassing intermediaries to offer competitive pricing and streamlined customer service.

The group’s core product portfolio includes motor insurance, home insurance, travel cover, pet insurance and small business insurance.

Further Reading

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