Standard Chartered (OTCMKTS:SCBFY) Shares Down 2.5% – Time to Sell?

Standard Chartered PLC (OTCMKTS:SCBFYGet Free Report) shares dropped 2.5% during mid-day trading on Friday . The stock traded as low as $24.01 and last traded at $24.14. Approximately 128,283 shares changed hands during mid-day trading, an increase of 26% from the average daily volume of 102,069 shares. The stock had previously closed at $24.76.

Standard Chartered Stock Performance

The business’s 50-day simple moving average is $21.67 and its 200 day simple moving average is $20.06.

About Standard Chartered

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Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.

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