Shawbrook Group (LON:SHAW) Stock Passes Above 50 Day Moving Average – Should You Sell?

Shawbrook Group plc (LON:SHAW)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 444.24 and traded as high as GBX 466.50. Shawbrook Group shares last traded at GBX 455, with a volume of 233,985 shares trading hands.

Shawbrook Group Price Performance

The stock has a fifty day moving average of GBX 444.24. The company has a market cap of £2.36 billion and a PE ratio of 18.62.

Insider Buying and Selling

In related news, insider Derek Weir acquired 5,405 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average cost of GBX 370 per share, with a total value of £19,998.50. Also, insider Andrew Didham bought 5,405 shares of the stock in a transaction on Tuesday, November 4th. The shares were purchased at an average price of GBX 370 per share, with a total value of £19,998.50. Insiders have purchased a total of 17,566 shares of company stock worth $6,499,420 over the last ninety days.

Shawbrook Group Company Profile

Shawbrook Group plc is a lending and savings bank. The Company operates through four segments: Property Finance, Business Finance, Consumer Lending and Central. The Property Finance segment provides mortgages for investors, businesses and personal customers. It serves professional landlords and property traders in residential and commercial asset classes across long-term and shorter-term finance. The Business Finance segment includes propositions, such as the Regional Business Centers that provide finance solutions; Structured Finance proposition, which consists of lending to small and medium enterprise (SME) finance companies, and Specialist Sectors proposition, which consists of leasing and hire purchase finance solutions.