Shares of Ping An Insurance (Group) Company of China (OTCMKTS:HKXCY) shot up 2.5% during trading on Friday . The stock traded as high as $32.35 and last traded at $32.27, 70,604 shares changed hands during mid-day trading. An increase of 35% from the average session volume of 52,259 shares. The stock had previously closed at $31.49.
Several brokerages have recently commented on HKXCY. Goldman Sachs Group began coverage on shares of Ping An Insurance (Group) Company of China in a report on Friday, October 11th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. began coverage on shares of Ping An Insurance (Group) Company of China in a report on Wednesday, October 9th. They issued an “overweight” rating on the stock.
The company has a fifty day moving average of $31.41.
Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock exchanges and futures exchanges, and related clearing houses in Hong Kong. It operates in five segments: Cash, Equity and Financial Derivatives, Commodities, Clearing, and Platform and Infrastructure. The Cash segment covers various equity products traded on the cash market platforms, the Shanghai Stock Exchange, and the Shenzhen Stock Exchange; sale of market data relating to the products; and other related activities.
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