Acceptance Insurance (OTCMKTS:FACO) Stock Continues to Trade in a Narrow Range

Shares of Acceptance Insurance (OTCMKTS:FACO) have been trading within a narrow range over the past few sessions.

Market Stats

On Thursday, FACO stock ended flat at $1.99 with more than 37 shares, compared to its average volume of 4.8K shares. The stock moved within a range of $1.9900 – 1.9900 after opening trading at $1.99.

Acceptance Insurance named to Forbes America’s Best Employers 2022 List

Leading provider of auto insurance and related products,: Acceptance Insurance (OTCMKTS FACO), has been named to Forbes’ 2022 list of America’s Best Employers. The coveted award is decided after conducting an independent survey of 60,000 American workers across 25 different industries, which indicates their willingness to recommend their own employers to family and friends.

Acceptance Insurance ranks among the top 500 mid-sized US employers that have received a majority of recommendations. It employs over 1,300 team members serving more than 300 neighborhoods in 13 states nationwide.

Larry Willeford, President and CEO of Acceptance Insurance, commented that it is truly an honor to be recognized for creating one of the most welcoming and fulfilling workplaces in the country. The company vision is to take care of each other’s wellbeing, be it colleagues or customers.  Till date, Acceptance Insurance has avoided layoffs that became common during the pandemic. It was open throughout, with consistent staffing levels and robust safety protocols in place.

Acceptance Insurance has always focused on initiatives that promote its culture both inside and outside of the office. In 2021, the company launched its “Get a Smile, Give a Smile” sweepstakes to help individuals and charitable organizations including Habitat for Humanity, American Red Cross, Feeding America, The Humane Society of the United States, Wounded Warrior Project, and Big Brothers Big Sisters of America. Apart from that, a three-month campaign was conducted to recognize outstanding team members, and EmpowHER was introduced to support female-identifying team members and allies.

Traders Corner

FACO stock is trading below the 20-Day and 50-Day Moving averages of $2.04 and $2.07 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.99.