Investec Group (LON:INVP) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Investec Group (LON:INVP)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 564.98 ($7.33) and traded as high as GBX 609.50 ($7.90). Investec Group shares last traded at GBX 603 ($7.82), with a volume of 1,017,591 shares traded.

Investec Group Stock Performance

The company has a 50-day moving average of GBX 579.35 and a 200-day moving average of GBX 566.23. The firm has a market capitalization of £3.89 billion, a price-to-earnings ratio of 886.76, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05.

Insiders Place Their Bets

In related news, insider Stephen Koseff sold 193,557 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of GBX 580 ($7.52), for a total transaction of £1,122,630.60 ($1,455,881.99). Insiders sold a total of 326,375 shares of company stock valued at $264,268,180 in the last quarter. 4.96% of the stock is currently owned by insiders.

About Investec Group

Investec Group engages in the provision of various financial products and services in South Africa, the United Kingdom, and internationally. The company provides private banking services; wealth services, including wealth and portfolio management, stockbroking, and offshore and retirement investment, and intergenerational wealth solutions; savings accounts; personal and property financing, and finance for practice; and insurance solutions covering severe illness, disability, life, mortgage and income protection, and business overloads.