Persimmon (OTCMKTS:PSMMY) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Persimmon Plc (OTCMKTS:PSMMY)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $30.98 and traded as low as $29.94. Persimmon shares last traded at $29.94, with a volume of 6,294 shares traded.

Persimmon Price Performance

The business has a 50-day moving average price of $30.98 and a 200 day moving average price of $33.73.

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.