Fidelity European Trust (LON:FEV) Share Price Passes Below 50 Day Moving Average – Here’s Why

Fidelity European Trust (LON:FEVGet Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 354.93 ($4.39) and traded as low as GBX 347.50 ($4.30). Fidelity European Trust shares last traded at GBX 352 ($4.36), with a volume of 125,423 shares trading hands.

Fidelity European Trust Stock Down 1.6 %

The company has a market cap of £1.42 billion, a P/E ratio of 600.86 and a beta of 0.80. The business has a 50-day moving average price of GBX 354.67 and a two-hundred day moving average price of GBX 375.92.

Insider Buying and Selling

In other Fidelity European Trust news, insider Ivan Rogers acquired 4,180 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were acquired at an average cost of GBX 366 ($4.53) per share, for a total transaction of £15,298.80 ($18,936.50). Corporate insiders own 0.77% of the company’s stock.

About Fidelity European Trust

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Fidelity European Trust PLC aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

The Trust invests predominantly in continental European equities (and their related securities) and up to 20% of gross assets may be invested in companies outside of the continent.

Further Reading

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