Vodafone Group Public (LON:VOD) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

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) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 Analyst Weigh In

Separately, Berenberg Bank assumed coverage on shares of Vodafone Group Public in a report on Wednesday, June 25th. They issued a "hold" rating and a GBX 80 ($1.08) price objective for the company.

Vodafone Group Public Price Performance

The company has a debt-to-equity ratio of 96.88, a current ratio of 1.37 and a quick ratio of 0.78. The stock has a 50 day simple moving average of GBX 79.14 and a two-hundred day simple moving average of GBX 73.43. The company has a market cap of £25.26 billion, a price-to-earnings ratio of 37.91, a price-to-earnings-growth ratio of 0.59 and a beta of 0.54.

Insider Buying and Selling

In other news, insider Luka Mucic purchased 356,000 shares of Vodafone Group Public stock in a transaction dated Tuesday, May 20th. The shares were purchased at an average price of GBX 72 ($0.97) per share, with a total value of £256,320 ($344,701.45). Also, insider Christine Ramon acquired 138,055 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average price of GBX 83 ($1.12) per share, with a total value of £114,585.65 ($154,095.82). Over the last ninety days, insiders bought 745,429 shares of company stock worth $56,446,363. Insiders own 5.90% of the company's stock.

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.