Allianz Technology Trust (LON:ATT) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Shares of Allianz Technology Trust (LON:ATT) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-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 changing hands.

Allianz Technology Trust Price Performance

The stock has a market capitalization of £1.41 billion, a price-to-earnings ratio of 277.88 and a beta of 0.52. The business has a fifty day moving average of GBX 356.58 and a 200 day moving average of GBX 363.78.

Insider Buying and Selling at Allianz Technology Trust

In related news, insider Simon Davis acquired 2,879 shares of Allianz Technology Trust stock in a transaction that occurred on Thursday, October 3rd. The shares were purchased at an average cost of GBX 347 ($4.50) per share, for a total transaction of £9,990.13 ($12,955.69). Company insiders own 2.10% of the company’s stock.

About Allianz Technology Trust

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.