Fidelity China Special (LON:FCSS – Get Free Report) shares crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of GBX 256.64 and traded as low as GBX 242.71. Fidelity China Special shares last traded at GBX 243.50, with a volume of 547,657 shares.
Fidelity China Special Trading Up 0.8%
The firm has a market cap of £1.11 billion, a price-to-earnings ratio of 8.25 and a beta of 0.90. The business’s 50-day simple moving average is GBX 256.19 and its two-hundred day simple moving average is GBX 269.28.
Insider Activity at Fidelity China Special
In other news, insider Mike Balfour acquired 30,000 shares of the firm’s stock in a transaction dated Tuesday, July 14th. The stock was bought at an average cost of GBX 258 per share, for a total transaction of £77,400. Corporate insiders own 0.10% of the company’s stock.
About Fidelity China Special
As the world’s second-largest economy, China is shifting from export-led growth towards an economy driven by domestic consumption. With expanding middle classes, rising incomes and technological innovations driving this change and creating a solid backdrop for companies to thrive, investors seeking an effective globally diversified portfolio may want to consider allocating some of their portfolio to China.
Fidelity China Special Situations PLC provides focused exposure to companies benefiting from this growth opportunity.
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