Fidelity China Special (LON:FCSS) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Fidelity China Special (LON:FCSSGet Free Report)’s share 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 Up 1.4%

The business has a fifty day moving average of GBX 319.29 and a 200 day moving average of GBX 284.28. The firm has a market cap of £1.57 billion and a P/E ratio of 4.94.

Insider Activity at Fidelity China Special

In other Fidelity China Special news, insider Vanessa Donegan bought 6,287 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were acquired at an average cost of GBX 316 per share, with a total value of £19,866.92. Corporate insiders own 0.09% of the company’s stock.

About Fidelity China Special

(Get Free Report)

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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