Fidelity China Special (LON:FCSS) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Fidelity China Special (LON:FCSS)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 319.29 and traded as high as GBX 322. Fidelity China Special shares last traded at GBX 321, with a volume of 779,265 shares traded.

Fidelity China Special Stock Performance

The stock’s fifty day simple moving average is GBX 319.29 and its two-hundred day simple moving average is GBX 284.28. The company has a market cap of £1.57 billion and a price-to-earnings ratio of 4.94.

Insiders Place Their Bets

In other news, insider Vanessa Donegan purchased 6,287 shares of the stock in a transaction on Thursday, October 23rd. The stock was purchased at an average price of GBX 316 per share, with a total value of £19,866.92. Insiders own 0.09% of the company’s stock.

Fidelity China Special Company Profile

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.