Investec Group (LON:INVP) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Investec Group (LON:INVP)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 572.52 ($7.22) and traded as high as GBX 612 ($7.71). Investec Group shares last traded at GBX 609.50 ($7.68), with a volume of 526,425 shares traded.

Investec Group Stock Down 0.8 %

The stock has a market capitalization of £3.93 billion, a PE ratio of 896.32, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05. The stock’s 50 day moving average price is GBX 586.27 and its 200-day moving average price is GBX 572.78.

Insider Transactions at Investec Group

In other news, insider Stephen Koseff sold 95,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of GBX 572 ($7.21), for a total transaction of £543,400 ($684,814.11). Over the last three months, insiders have sold 320,552 shares of company stock valued at $185,512,105. 4.96% of the stock is currently owned by company insiders.

About Investec Group

Investec Group engages in the provision of various financial products and services in South Africa, the United Kingdom, and internationally. The company provides private banking services; wealth services, including wealth and portfolio management, stockbroking, and offshore and retirement investment, and intergenerational wealth solutions; savings accounts; personal and property financing, and finance for practice; and insurance solutions covering severe illness, disability, life, mortgage and income protection, and business overloads.