Fosun International (OTCMKTS:FOSUF) Stock Crosses Below 200-Day Moving Average – Here’s What Happened
by Mitch Edgeman · The Markets DailyShares of Fosun International Limited (OTCMKTS:FOSUF – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.49 and traded as low as $0.4342. Fosun International shares last traded at $0.4342, with a volume of 0 shares.
Fosun International Price Performance
The firm has a fifty day moving average of $0.44 and a 200-day moving average of $0.49.
Fosun International Company Profile
Fosun International is a Shanghai‐based investment holding company with a diversified portfolio spanning insurance, healthcare, real estate, tourism, cultural entertainment and consumer goods. Since its founding in 1992 by Guo Guangchang and partners, the group has pursued a strategy of combining industrial expertise with financial investment to build integrated businesses across multiple sectors. Fosun’s approach emphasizes value creation through strategic acquisitions and long‐term partnerships.
In the insurance and wealth management arena, Fosun holds interests in both domestic and international insurers, providing a range of life, property and casualty products.