Allianz Technology Trust (LON:ATT) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Allianz Technology Trust (LON:ATTGet Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 394.96 ($4.95) and traded as high as GBX 424 ($5.32). Allianz Technology Trust shares last traded at GBX 421 ($5.28), with a volume of 160,515 shares trading hands.

Allianz Technology Trust Trading Down 0.2 %

The firm has a market cap of £1.62 billion, a price-to-earnings ratio of 318.94 and a beta of 0.52. The company has a fifty day moving average price of GBX 394.96 and a 200-day moving average price of GBX 377.30.

Insiders Place Their Bets

In other Allianz Technology Trust news, insider Simon Davis bought 2,879 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were purchased at an average cost of GBX 347 ($4.35) per share, for a total transaction of £9,990.13 ($12,529.95). Insiders own 2.10% of the company’s stock.

Allianz Technology Trust Company Profile

(Get Free Report)

Allianz Technology Trust PLC is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH. The fund invests in the public equity markets across the globe. It invests in stocks of companies operating in the technology, media, and telecoms sector. The fund invests in stocks of mid-cap and large-cap companies.

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