Investec Group (LON:INVP) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Investec Group shares traded above their 200-day moving average for the first time, reaching as high as GBX 556.50 ($7.50) before closing at GBX 549.50 ($7.41).
• Recent insider transactions have seen significant sales, with a total of 1,037,892 shares sold over the last ninety days valued at approximately $557.6 million.
• The firm holds a market cap of £4.62 billion and a price-to-earnings ratio of 8.38, indicating favorable trading conditions for investors.

Investec Group (LON:INVP - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 511.02 ($6.90) and traded as high as GBX 556.50 ($7.51). Investec Group shares last traded at GBX 549.50 ($7.42), with a volume of 3,392,716 shares.

Investec Group Price Performance

The firm has a market capitalization of £4.94 billion, a P/E ratio of 782.36, a P/E/G ratio of 0.67 and a beta of 1.05. The stock's 50 day moving average is GBX 546.88 and its two-hundred day moving average is GBX 511.39.

Insider Activity at Investec Group

In other Investec Group news, insider Fani Titi sold 100,546 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of GBX 524, for a total value of £526,861.04. Also, insider Nishlan Samujh sold 65,173 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of GBX 524, for a total transaction of £341,506.52. Over the last 90 days, insiders sold 725,671 shares of company stock worth $392,284,064. 0.45% of the stock is currently owned by company insiders.

Investec Group Company Profile

Investec Group engages in the provision of various financial products and services in South Africa, the United Kingdom, and internationally. The company provides private banking services; wealth services, including wealth and portfolio management, stockbroking, and offshore and retirement investment, and intergenerational wealth solutions; savings accounts; personal and property financing, and finance for practice; and insurance solutions covering severe illness, disability, life, mortgage and income protection, and business overloads.