Fidelity China Special (LON:FCSS) Sets New 52-Week High - Should You Buy?

Key Points

• Fidelity China Special (LON:FCSS) reached a new 52-week high of GBX 331 ($4.44) during trading, closing at GBX 328.72 ($4.41) with a trading volume of 234,909 shares.
• The stock has a market capitalization of £1.61 billion and a PE ratio of 499.66, indicating some level of investor optimism despite the high valuation.
• Insider Mike Balfour purchased 2,063 shares at an average cost of GBX 282, reflecting confidence from company insiders in the stock's potential.

Fidelity China Special (LON:FCSS - ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 331 ($4.44) and last traded at GBX 328.72 ($4.41), with a volume of 234909 shares traded. The stock had previously closed at GBX 324 ($4.34).

Fidelity China Special Stock Up 1.7%

The stock's 50 day moving average price is GBX 299.04 and its 200-day moving average price is GBX 267.51. The stock has a market capitalization of £1.61 billion and a PE ratio of 499.66.

Insider Activity

In other news, insider Mike Balfour acquired 2,063 shares of Fidelity China Special stock in a transaction dated Monday, August 4th. The stock was purchased at an average cost of GBX 282 per share, with a total value of £5,817.66. 0.09% of the stock is currently owned by company insiders.

About Fidelity China Special

As the world's second-largest economy, China is shifting from export-led growth towards an economy driven by domestic consumption. With expanding middle classes, rising incomes and technological innovations driving this change and creating a solid backdrop for companies to thrive, investors seeking an effective globally diversified portfolio may want to consider allocating some of their portfolio to China. Fidelity China Special Situations PLC provides focused exposure to companies benefiting from this growth opportunity.

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