Schibsted ASA (OTCMKTS:SBSNF) Trading Down 17.1% – Here’s Why

Schibsted ASA (OTCMKTS:SBSNFGet Free Report)’s share price dropped 17.1% during trading on Wednesday . The company traded as low as $27.37 and last traded at $27.37. Approximately 100 shares traded hands during trading, a decline of 67% from the average daily volume of 300 shares. The stock had previously closed at $33.00.

Schibsted ASA Stock Performance

The business has a 50 day moving average of $32.29 and a 200 day moving average of $32.43.

Schibsted ASA Company Profile

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Schibsted ASA, together with its subsidiaries, operates as a media company. The company operates through Nordic Marketplaces, News Media, Delivery and Growth & Investments segments. It operates online classifieds that provide technology-based services to connect buyers and sellers, and facilitate transactions, including job offers, real estate, cars, travel, consumer goods, and others.

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