Shares of Schibsted ASA (OTCMKTS:SBBTF – Get Free Report) traded down 12% during mid-day trading on Friday. The company traded as low as $22.00 and last traded at $22.00. 100 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 100 shares. The stock had previously closed at $25.00.
Schibsted ASA Trading Down 12.0%
The company has a 50-day simple moving average of $24.70 and a two-hundred day simple moving average of $24.75.
Schibsted ASA Company Profile
Schibsted ASA is a Norwegian media and technology company headquartered in Oslo. Founded in 1839 as a newspaper publisher, the company has developed into a leading provider of digital news and subscription services in the Nordic region.
Schibsted Media operates well-known news brands including VG, Aftenposten, Bergens Tidende and Stavanger Aftenblad in Norway, as well as Aftonbladet and Svenska Dagbladet in Sweden. Its activities include online and print journalism, digital subscriptions, advertising, editorial content and other media-related services.
In 2024, Schibsted separated its media operations from its online marketplaces business, with the marketplaces activities becoming a separate company known as Vend Marketplaces.
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