Allianz Technology Trust (LON:ATT) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Allianz Technology Trust (LON:ATT) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 356.65 ($4.63) and traded as high as GBX 379.50 ($4.92). Allianz Technology Trust shares last traded at GBX 375 ($4.86), with a volume of 1,194,981 shares traded.

Allianz Technology Trust Stock Performance

The firm has a market cap of £1.40 billion, a price-to-earnings ratio of 284.09 and a beta of 0.52. The business’s 50-day moving average is GBX 356.65 and its 200-day moving average is GBX 363.50.

Insider Activity

In other Allianz Technology Trust news, insider Simon Davis purchased 2,879 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were acquired at an average cost of GBX 347 ($4.50) per share, for a total transaction of £9,990.13 ($12,955.69). 2.10% of the stock is currently owned by corporate insiders.

Allianz Technology Trust Company Profile

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.