New Star Investment Trust (LON:NSI) Trading Up 3% - Here's What Happened

Key Points

• New Star Investment Trust shares increased by 3% to GBX 119 ($1.60), with a trading volume of 28,533 shares, exceeding the average by 18%.
• Insider John L. Duffield purchased 545,000 shares at an average price of GBX 116, indicating strong insider confidence with 62.38% of stock held by insiders.
• The company's market capitalization is £84.52 million, and it has a notably high PE ratio of 758.93.

New Star Investment Trust plc (LON:NSI - ) shot up 3% on Tuesday . The company traded as high as GBX 119 ($1.60) and last traded at GBX 119 ($1.60). 28,533 shares were traded during trading, an increase of 18% from the average session volume of 24,265 shares. The stock had previously closed at GBX 115.50 ($1.55).

New Star Investment Trust Trading Up 3.0%

The business has a fifty day moving average price of GBX 112.54 and a 200-day moving average price of GBX 109.21. The stock has a market capitalization of £84.52 million, a PE ratio of 758.93 and a beta of 0.30.

Insiders Place Their Bets

In other New Star Investment Trust news, insider John L. Duffield purchased 545,000 shares of the stock in a transaction on Wednesday, September 10th. The stock was acquired at an average cost of GBX 116 per share, with a total value of £632,200. 62.38% of the stock is owned by corporate insiders.

About New Star Investment Trust

New Star Investment Trust plc is a closed ended balanced mutual fund of funds launched and managed by Brompton Asset Management LLP. The fund invests in funds which invest in the public equity markets across the globe. It primarily invests in equity, bond, commodity, real estate, currency, pooled investment vehicles, exchange traded funds, futures, options, and limited partnerships.

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