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Allianz Technology Trust (LON:ATT) Shares Pass Above Fifty Day Moving Average - Here's Why

Allianz Technology Trust logo with Financial Services background

Allianz Technology Trust (LON:ATT - Get Free Report)'s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 394.96 ($4.95) and traded as high as GBX 424 ($5.31). Allianz Technology Trust shares last traded at GBX 421 ($5.28), with a volume of 160,515 shares.

Allianz Technology Trust Stock Performance

The company has a fifty day moving average price of GBX 396.09 and a two-hundred day moving average price of GBX 377.81. The company has a market cap of £1.62 billion, a P/E ratio of 318.94 and a beta of 0.52.

Insider Buying and Selling

In other news, insider Simon Davis bought 2,879 shares of the company's stock in a transaction dated Thursday, October 3rd. The stock was bought at an average price of GBX 347 ($4.35) per share, with a total value of £9,990.13 ($12,518.96). 2.10% of the stock is owned by insiders.

About Allianz Technology Trust

(Get Free Report)

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.

Further Reading

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