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

Shares of Standard Chartered PLC (OTCMKTS:SCBFYGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 185,505 shares were traded during trading, a decline of 4% from the previous session’s volume of 192,930 shares.The stock last traded at $61.6661 and had previously closed at $62.37.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

View Our Latest Stock Report on SCBFY

Standard Chartered Trading Down 1.2%

The firm has a 50-day moving average of $58.58 and a 200 day moving average of $52.35.

About Standard Chartered

(Get Free Report)

Standard Chartered PLC is an international banking group headquartered in London, United Kingdom. Through its banking operations and subsidiaries, the company provides financial services to individuals, businesses, financial institutions and governments, with a particular focus on markets across Asia, Africa and the Middle East.

The company’s offerings include retail and affluent banking, wealth management, corporate and institutional banking, trade finance, transaction banking, foreign exchange, lending, cash management and investment banking services.

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