Cordiant Digital Infrastructure (LON:CORD) Sets New 52-Week High – Here’s What Happened

Cordiant Digital Infrastructure (LON:CORD)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 120 and last traded at GBX 120, with a volume of 1107804 shares trading hands. The stock had previously closed at GBX 119.

Cordiant Digital Infrastructure Price Performance

The stock has a market capitalization of £930.35 million, a P/E ratio of 6.07 and a beta of 0.61. The firm’s 50 day moving average price is GBX 109.70 and its 200 day moving average price is GBX 106.18.

Insider Buying and Selling at Cordiant Digital Infrastructure

In other news, insider Sian Hill acquired 10,000 shares of the business’s stock in a transaction on Monday, April 13th. The shares were acquired at an average cost of GBX 105 per share, with a total value of £10,500. Also, insider Shonaid Jemmett- Page bought 23,753 shares of Cordiant Digital Infrastructure stock in a transaction on Monday, April 13th. The shares were purchased at an average price of GBX 105 per share, for a total transaction of £24,940.65. In the last three months, insiders have bought 43,753 shares of company stock valued at $4,644,065. 0.06% of the stock is currently owned by corporate insiders.

About Cordiant Digital Infrastructure

Cordiant Digital Infrastructure Limited primarily invests in the core infrastructure of the digital economy – data centres, fibre-optic networks and telecommunication and broadcast towers – in Europe and North America. Further details about the Company can be found on its website at www.cordiantdigitaltrust.com.

The Company is a sector-focused specialist owner and operator of Digital Infrastructure, listed on the London Stock Exchange under the ticker CORD. In total, the Company has successfully raised £795 million in equity, along with a debt package that includes a €200m Eurobond with a consortium of blue-chip institutions; deploying the proceeds into six acquisitions: CRA, Hudson, Emitel, Speed Fibre, Belgian Tower Company, and DCU which together offer stable, often index-linked income, and the opportunity for growth, in line with the Company’s Buy, Build & Grow model.