Fidelity European Trust (LON:FEV) Shares Cross Below 50-Day Moving Average – Time to Sell?

Fidelity European Trust (LON:FEV)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 368.93 ($4.62) and traded as low as GBX 348 ($4.36). Fidelity European Trust shares last traded at GBX 348 ($4.36), with a volume of 586,469 shares trading hands.

Fidelity European Trust Stock Performance

The business has a 50 day simple moving average of GBX 368.27 and a 200-day simple moving average of GBX 385.84. The firm has a market capitalization of £1.43 billion, a price-to-earnings ratio of 604.31 and a beta of 0.80.

Insider Buying and Selling

In other Fidelity European Trust news, insider Ivan Rogers acquired 4,180 shares of the stock in a transaction dated Thursday, October 17th. The stock was acquired at an average price of GBX 366 ($4.59) per share, with a total value of £15,298.80 ($19,178.64). 0.77% of the stock is currently owned by corporate insiders.

About Fidelity European Trust

Fidelity European Trust PLC is an open-ended equity fund launched and managed by FIL Investment Services (UK) Limited. It is co-managed by FIL Investments International Limited. The fund invests in the public equity markets of Continental Europe. It makes its investments in stocks of companies operating across diversified sectors.