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

Shawbrook Group plc (LON:SHAW)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 444.24 and traded as high as GBX 466.50. Shawbrook Group shares last traded at GBX 455, with a volume of 233,985 shares traded.

Shawbrook Group Stock Down 1.8%

The firm’s 50-day moving average is GBX 444.24. The stock has a market cap of £2.36 billion and a price-to-earnings ratio of 18.62.

Insiders Place Their Bets

In other news, insider Lan Tu purchased 6,756 shares of Shawbrook Group stock in a transaction dated Tuesday, November 4th. The shares were bought at an average cost of GBX 370 per share, with a total value of £24,997.20. Also, insider Andrew Didham purchased 5,405 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was purchased at an average cost of GBX 370 per share, with a total value of £19,998.50. Over the last three months, insiders have bought 17,566 shares of company stock worth $6,499,420.

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. 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.