JPMorgan Global Growth & Income (LON:JGGI) Stock Price Down 0.5% - Should You Sell?

Key Points

• JPMorgan Global Growth & Income's share price fell by 0.5%, closing at GBX 575.32 ($7.80) after trading as low as GBX 574 ($7.78).
• Insiders have recently purchased a total of 23,780 shares in the last three months, indicating strong internal confidence in the company.
• The firm boasts a market capitalization of £2.97 billion and maintains a PE ratio of 4.74 alongside a relatively low beta of 0.61.

JPMorgan Global Growth & Income (LON:JGGI - Get Free Report) dropped 0.5% on Friday . The stock traded as low as GBX 574 ($7.72) and last traded at GBX 575.32 ($7.74). Approximately 736,762 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 1,314,634 shares. The stock had previously closed at GBX 578 ($7.78).

JPMorgan Global Growth & Income Price Performance

The company has a debt-to-equity ratio of 5.06, a current ratio of 6.67 and a quick ratio of 5.88. The company has a 50-day simple moving average of GBX 557.28 and a two-hundred day simple moving average of GBX 547.95. The stock has a market capitalization of £2.99 billion, a price-to-earnings ratio of 4.78 and a beta of 0.61.

Insider Buying and Selling at JPMorgan Global Growth & Income

In related news, insider Sarah Whitney bought 4,686 shares of the company's stock in a transaction on Thursday, June 5th. The shares were purchased at an average cost of GBX 533 per share, with a total value of £24,976.38. Also, insider Jane Lewis bought 1,113 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was bought at an average cost of GBX 532 per share, for a total transaction of £5,921.16. Insiders acquired 23,780 shares of company stock worth $12,571,082 over the last ninety days. 7.92% of the stock is owned by corporate insiders.

JPMorgan Global Growth & Income Company Profile

A distinctive strategy for today's markets JPMorgan Global Growth & Income plc provides the best of both worlds. The manager focuses on investing in the best ideas from across the world's stock market, whilst the Company delivers a predictable quarterly income distribution – set at the beginning of its financial year. Key points: Expertise - Tapping into the local proprietary analysis of JPMorgan's award winning and experienced global research team. Portfolio - A global best ideas – go anywhere – portfolio, with the manager focused on identifying companies that will provide the best total returns. Results - Provides the best of both worlds - predictable quarterly income and long-term growth from the best global ideas.