Shawbrook Group (LON:SHAW) Shares Cross Above 50 Day Moving Average – What’s Next?

Shawbrook Group plc (LON:SHAW)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 0 and traded as high as GBX 382. Shawbrook Group shares last traded at GBX 382, with a volume of 746,433 shares.

Shawbrook Group Trading Down 0.5%

The firm has a market capitalization of £1.97 billion and a price-to-earnings ratio of 15.55.

Insiders Place Their Bets

In related news, insider Lan Tu acquired 6,756 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were acquired at an average cost of GBX 370 per share, for a total transaction of £24,997.20. Also, insider Andrew Didham acquired 5,405 shares of the stock in a transaction dated Tuesday, November 4th. The stock was bought at an average cost of GBX 370 per share, with a total value of £19,998.50. Insiders have purchased 17,566 shares of company stock valued at $6,499,420 over the last ninety days.

About Shawbrook Group

Shawbrook Group plc is a lending and savings bank. The Company operates through four segments: Property Finance, Business Finance, Consumer Lending and Central. The Property Finance segment provides mortgages for investors, businesses and personal customers. It serves professional landlords and property traders in residential and commercial asset classes across long-term and shorter-term finance.