Aviva Plc (NYSE:AV), the UK’s second-largest insurance firm by market worth, sold its 19.4 percent stake in Dutch insurer Delta Lloyd NV (DL) for 433.8 million euros ($568 million) as it moves back from less lucrative markets.
Aviva (AV) sold 34.3 million shares of the Amsterdam-located insurer in a stock offering for 12.65 euros each, a 1.6 percent discount to Tuesday’s ending price, the London-located company stated in a report.
Aviva plunged nearly 2.6 percent in London on Wednesday and Delta Lloyd jumped up nearly 9.5 percent.
Its competitors include Telefonica S.A. (ADR) (NYSE:TEF) that surged +4.13% to $14.12 with the total traded volume of 292,156.00 shares and BP plc (ADR) (NYSE:BP) that increased +1.36% to $43.99 with the total traded volume of 1.89 million shares.
Other Financial stocks with bullish trend include SPDR S&P 500 ETF Trust (NYSEARCA:SPY) up 0.47% to $146.23, Financial Select Sector SPDR (ETF) (NYSEARCA:XLF) up 0.71% to $17.08 and Citigroup Inc. (NYSE:C) up 1.65% to $43.16, whereas with bearish trend include iPath S&P 500 VIX Short Term Futures TM ETN (NYSEARCA:VXX) down -1.32% to $26.84, Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) down -1.31% to $12.10 and United States Natural Gas Fund, LP (NYSEARCA:UNG) down -2.97% to $17.63.
Aviva Plc (ADR) (NYSE:AV) stock’s trade at beginning with a price of $12.04 and the current trading session climbed at a high of $12.12 other than the stock finally declined -2.65% to $12.11.
Shares price of AV moved up from its 20 days moving average with +1.63% and remote positively from 50 days moving average with +8.78%. AV current year earnings per share experienced an addition with 10.34% while its current quarter performance remained +16.15%.
AV has a trade volume of 95,614.00 shares is lesser as compared to average trading capacity of 108,229.00 shares.
AV last month stock price volatility remained 1.43%. In its share capital AV has 456.93 million outstanding shares among them 455.90 million shares have been floated in market exchange. AV stock institutional ownership remained 78.84% while insider ownership included 0.23%.
The stock is ahead its 52 week low with +64.49% and lagging behind from its 52 week high price with -1.50%. Company’s beta coefficient included 4.89. Beta factors measures the amount of market risk associated with market trade.
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