Storebrand ASA (OTCMKTS:SREDY – Get Free Report) shares fell 4.9% during mid-day trading on Thursday. The company traded as low as $38.80 and last traded at $38.80. Approximately 105 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 218 shares. The stock had previously closed at $40.81.
Storebrand ASA Stock Performance
The firm has a 50-day simple moving average of $42.69 and a 200 day simple moving average of $35.68.
Storebrand ASA Company Profile
Storebrand ASA is a Norwegian financial services group headquartered in Lysaker, Norway. The company provides pensions, life insurance, savings and investment products to individuals, employers and institutional clients, with operations primarily serving customers in Norway and Sweden.
Its offerings include occupational and private pension plans, life and health-related insurance, personal savings products, and asset management services. Storebrand also manages investments on behalf of pension customers, institutions and other investors, with a focus on responsible and sustainable investment practices.
Storebrand traces its origins to the late 18th century and has developed from an insurance provider into a broader Nordic savings and insurance group.
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