Mid Wynd International Inv Tr (LON:MWY) Stock Price Passes Above 50-Day Moving Average - Here's What Happened

Key Points

• Mid Wynd International Inv Tr stocks crossed above their fifty-day moving average, indicating potential upward momentum in their price performance.
• The company has a market capitalization of £280.52 million and an unusually high price-to-earnings ratio of 1,412.90.
• Insider Alan Scott sold 10,000 shares at an average price of GBX 761, which raises questions about insider confidence in the stock's future performance.

Mid Wynd International Inv Tr (LON:MWY - )'s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 762.60 ($10.32) and traded as high as GBX 766 ($10.37). Mid Wynd International Inv Tr shares last traded at GBX 760 ($10.29), with a volume of 109,566 shares.

Mid Wynd International Inv Tr Price Performance

The stock has a market capitalization of £280.52 million, a price-to-earnings ratio of 1,412.90 and a beta of 0.55. The firm has a fifty day moving average of GBX 762.60 and a 200 day moving average of GBX 744.23.

Insider Buying and Selling

In related news, insider Alan Scott sold 10,000 shares of the firm's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of GBX 761, for a total transaction of £76,100. 7.01% of the stock is currently owned by company insiders.

Mid Wynd International Inv Tr Company Profile

Mid Wynd International Investment Trust plc is a closed ended equity mutual fund launched and managed by Artemis Fund Managers Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across diversified market capitalizations.

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