Scottish Mortgage (LON:SMT) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Scottish Mortgage (LON:SMT) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 1,214.26 and traded as low as GBX 1,172.50. Scottish Mortgage shares last traded at GBX 1,180, with a volume of 1,110,780 shares changing hands.

Scottish Mortgage Trading Down 0.3%

The firm has a fifty day simple moving average of GBX 1,214.26 and a 200 day simple moving average of GBX 1,152.70. The stock has a market cap of £12.72 billion, a price-to-earnings ratio of 3.82 and a beta of 1.19.

Insider Activity

In other news, insider Christopher Samuel acquired 1,833 shares of the stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of GBX 1,148 per share, for a total transaction of £21,042.84. Corporate insiders own 0.13% of the company’s stock.

Scottish Mortgage Company Profile

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.