Scottish Mortgage (LON:SMT) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• Scottish Mortgage stock (LON:SMT) has passed above its 50-day moving average of GBX 1,071.09, reaching as high as GBX 1,103.30 during trading.
• The firm has a market capitalization of £12.49 billion and a P/E ratio of 1,154.17, indicating a relatively high valuation compared to earnings.
• Insider Christopher Samuel purchased 10,000 shares at an average price of GBX 1,007, suggesting insider confidence in the company's outlook.

Scottish Mortgage (LON:SMT - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,071.09 ($14.51) and traded as high as GBX 1,103.30 ($14.95). Scottish Mortgage shares last traded at GBX 1,091.50 ($14.79), with a volume of 51,573,078 shares trading hands.

Scottish Mortgage Price Performance

The firm has a market cap of £12.53 billion, a P/E ratio of 1,168.98 and a beta of 0.75. The stock's 50 day moving average is GBX 1,072.52 and its two-hundred day moving average is GBX 999.41.

Insiders Place Their Bets

In other Scottish Mortgage news, insider Christopher Samuel bought 10,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were acquired at an average price of GBX 1,007 per share, with a total value of £100,700. 0.13% of the stock is currently owned by insiders.

About Scottish Mortgage

Scottish Mortgage is a portfolio of what we believe are the world's most exciting growth companies. We believe that a few exceptional companies will make a positive impact on shareholders' returns and society as a whole. Explore our website and you'll discover what we mean by investing in progress, how we find and support the companies shaping the future, and how you can be a part of it.