Worldwide Healthcare (LON:WWH) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Worldwide Healthcare (LON:WWH) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 337.98 ($4.37) and traded as low as GBX 314.50 ($4.06). Worldwide Healthcare shares last traded at GBX 314.50 ($4.06), with a volume of 3,386,475 shares.

Worldwide Healthcare Price Performance

The business has a 50 day simple moving average of GBX 328.23 and a 200-day simple moving average of GBX 337.62. The stock has a market capitalization of £1.67 billion, a price-to-earnings ratio of 7.32 and a beta of 0.29.

Insider Activity

In other news, insider Sian Hansen bought 3,017 shares of the stock in a transaction on Wednesday, December 11th. The stock was purchased at an average price of GBX 330 ($4.26) per share, for a total transaction of £9,956.10 ($12,864.84). Also, insider Doug McCutcheon purchased 50,000 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was purchased at an average price of GBX 328 ($4.24) per share, for a total transaction of £164,000 ($211,913.68). 0.41% of the stock is currently owned by company insiders.

About Worldwide Healthcare

Worldwide Healthcare Trust PLC is a closed-ended investment company listed on the London Stock Exchange (LSE: WWH).

WWH invests in the global healthcare sector with the objective of achieving a high level of capital growth. WWH invests worldwide in a diversified portfolio of shares in pharmaceutical and biotechnology companies and related securities in the healthcare sector.