Aviva (OTCMKTS:AVVIY) Sees Large Volume Increase - Still a Buy?

Key Points

• Trading spike: Mid-day volume rose about 43% to 104,955 shares while the stock moved to $17.08 from $16.34, a roughly 3.9% intraday gain.
• Analyst consensus: The company has an average rating of "Hold" with one Buy and three Hold ratings after recent changes (Zacks upgraded to Hold; Wall Street Zen lowered to Hold).
• Technicals: Aviva is trading slightly below its 50-day ($17.28) and 200-day ($17.81) simple moving averages, suggesting limited near-term technical momentum.

Aviva PLC (OTCMKTS:AVVIY - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 104,955 shares traded hands during mid-day trading, an increase of 43% from the previous session's volume of 73,247 shares.The stock last traded at $17.08 and had previously closed at $16.34.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AVVIY shares. Zacks Research upgraded shares of Aviva from a "strong sell" rating to a "hold" rating in a report on Monday, January 26th. Wall Street Zen lowered shares of Aviva from a "buy" rating to a "hold" rating in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold".

Aviva Stock Up 3.9%

The company's fifty day simple moving average is $17.28 and its two-hundred day simple moving average is $17.81.

Aviva Company Profile

Aviva plc OTCMKTS: AVVIY is a UK-based multinational insurance company headquartered in London that provides a broad range of life and general insurance products, retirement solutions and investment management services. The company operates a diversified insurance business that includes individual and group life protection, health and income protection, home and motor insurance, workplace benefits, pensions and savings products. Aviva also offers asset management services through its investment arm, which manages assets on behalf of its insurance businesses and third-party clients.

Aviva traces its identity to a series of mergers and the consolidation of longstanding insurers, and it uses the Aviva brand across its operating markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.