Vodafone Group Public (LON:VOD) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Vodafone Group Public's share price has surpassed its 200-day moving average, indicating potential momentum in trading, with shares trading at GBX 82.93 ($1.10).
• Berenberg Bank initiated coverage on Vodafone, giving it a "hold" rating with a target price of GBX 80 ($1.06).
• Insider activity included a significant sale of 885,183 shares by Margherita D. Valle, alongside a purchase of 356,000 shares by Luka Mucic, reflecting mixed signals on stock sentiment.

Vodafone Group Public Limited (LON:VOD - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 73.09 ($0.98) and traded as high as GBX 83.16 ($1.12). Vodafone Group Public shares last traded at GBX 82.93 ($1.12), with a volume of 101,046,508 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank initiated coverage on shares of Vodafone Group Public in a research note on Wednesday, June 25th. They set a "hold" rating and a GBX 80 ($1.08) price objective on the stock.

Vodafone Group Public Stock Up 1.2%

The firm's 50 day moving average is GBX 79.30 and its two-hundred day moving average is GBX 73.54. The firm has a market cap of £25.56 billion, a P/E ratio of 38.36, a price-to-earnings-growth ratio of 0.59 and a beta of 0.54. The company has a current ratio of 1.37, a quick ratio of 0.78 and a debt-to-equity ratio of 96.88.

Insider Buying and Selling

In other Vodafone Group Public news, insider Margherita D. Valle sold 885,183 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of GBX 83 ($1.12), for a total transaction of £734,701.89 ($988,166.63). Also, insider Christine Ramon bought 138,055 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were bought at an average price of GBX 83 ($1.12) per share, for a total transaction of £114,585.65 ($154,116.54). Insiders have bought 745,429 shares of company stock valued at $56,446,363 in the last 90 days. 5.90% of the stock is owned by insiders.

About Vodafone Group Public

Vodafone is a leading European and African telecoms company. We provide mobile and fixed services to over 340 million customers in 15 countries, partner with mobile networks in over 40 more and have one of the world's largest IoT platforms. In Africa, our financial technology businesses serve almost 88 million customers across seven countries – managing more transactions than any other provider. Our purpose is to connect for a better future by using technology to improve lives, businesses and help progress inclusive sustainable societies.