Storebrand ASA (OTCMKTS:SREDF) Stock Price Up 18.7% – Here’s What Happened

Storebrand ASA (OTCMKTS:SREDF) shares shot up 18.7% during mid-day trading on Tuesday. The stock traded as high as $21.90 and last traded at $21.90. 100 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 350 shares. The stock had previously closed at $18.45.

Storebrand ASA Price Performance

The stock’s 50 day moving average is $20.98 and its 200-day moving average is $19.31.

About Storebrand ASA

Storebrand ASA is a Norwegian financial services group headquartered in Lysaker, Norway. The company provides savings, insurance and pension products to individuals, employers and institutional customers, with operations primarily in Norway and Sweden. Its business includes occupational pensions, retirement savings, life insurance, health-related insurance and investment products. Storebrand also offers banking services, including mortgages and other personal finance products, while its asset management operations serve both individual and institutional investors.