Shawbrook Group (LON:SHAW) Shares Pass Below 50-Day Moving Average – Should You Sell?

Shawbrook Group plc (LON:SHAW)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 436.67 and traded as low as GBX 431. Shawbrook Group shares last traded at GBX 437.40, with a volume of 861,914 shares.

Shawbrook Group Price Performance

The stock has a market cap of £2.28 billion and a price-to-earnings ratio of 17.99. The firm’s fifty day simple moving average is GBX 437.66.

Insider Activity at Shawbrook Group

In other Shawbrook Group news, insider Derek Weir acquired 5,405 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average price of GBX 370 per share, for a total transaction of £19,998.50. Also, insider Andrew Didham bought 5,405 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average cost of GBX 370 per share, for a total transaction of £19,998.50. Insiders have acquired 17,566 shares of company stock valued at $6,499,420 over the last quarter.

Shawbrook Group Company Profile

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. The Business Finance segment includes propositions, such as the Regional Business Centers that provide finance solutions; Structured Finance proposition, which consists of lending to small and medium enterprise (SME) finance companies, and Specialist Sectors proposition, which consists of leasing and hire purchase finance solutions.