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Shares of Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PIAIF – Get Free Report) were down 7.1% during trading on Wednesday . The stock traded as low as $7.87 and last traded at $7.87. Approximately 387 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 15,981 shares. The stock had previously closed at $8.4750.
Ping An Insurance (Group) Company of China Stock Up 1.0%
The firm’s fifty day moving average price is $7.99 and its 200 day moving average price is $8.22.
About Ping An Insurance (Group) Company of China
Ping An Insurance (Group) Company of China is one of the largest integrated financial services providers in China, headquartered in Shenzhen. Established in 1988, Ping An has grown into a diversified conglomerate, offering a broad range of insurance, banking, asset management and technology-driven financial services. The company is publicly traded on the Hong Kong and Shanghai stock exchanges, and its American depositary receipts are quoted over the counter under the ticker PIAIF.
At the core of Ping An’s operations is its insurance business, which encompasses life insurance, property and casualty insurance, health insurance and pension products.
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