Standard Chartered (OTCMKTS:SCBFY) Shares Down 2.1% – Here’s What Happened

Shares of Standard Chartered PLC (OTCMKTS:SCBFY) fell 2.1% on Thursday . The stock traded as low as $50.3550 and last traded at $50.53. 400,142 shares changed hands during mid-day trading, an increase of 85% from the average session volume of 215,977 shares. The stock had previously closed at $51.59.

Standard Chartered Price Performance

The company has a 50 day moving average of $48.92 and a 200 day moving average of $42.47.

Standard Chartered Company Profile

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.