Allianz Technology Trust (LON:ATT) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Allianz Technology Trust (LON:ATT)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 356.65 ($4.63) and traded as high as GBX 379.50 ($4.92). Allianz Technology Trust shares last traded at GBX 375 ($4.86), with a volume of 1,194,981 shares traded.

Allianz Technology Trust Stock Performance

The stock has a 50-day simple moving average of GBX 356.65 and a 200 day simple moving average of GBX 363.50. The stock has a market capitalization of £1.40 billion, a P/E ratio of 284.09 and a beta of 0.52.

Insider Activity at Allianz Technology Trust

In other news, insider Simon Davis acquired 2,879 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was purchased at an average cost of GBX 347 ($4.50) per share, with a total value of £9,990.13 ($12,955.69). 2.10% of the stock is owned by company insiders.

Allianz Technology Trust Company Profile

Allianz Technology Trust PLC is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH. The fund invests in the public equity markets across the globe. It invests in stocks of companies operating in the technology, media, and telecoms sector. The fund invests in stocks of mid-cap and large-cap companies.