Team Internet Group (LON:TIG) Stock Price Up 28.1% – Here’s What Happened

Team Internet Group plc (LON:TIG) traded up 28.1% on Tuesday . The stock traded as high as GBX 118 ($1.48) and last traded at GBX 116.60 ($1.46). 2,284,860 shares changed hands during mid-day trading, an increase of 128% from the average session volume of 1,002,991 shares. The stock had previously closed at GBX 91 ($1.14).

Team Internet Group Stock Up 29.8 %

The firm has a fifty day moving average of GBX 95.30 and a 200-day moving average of GBX 135.54. The stock has a market capitalization of £295.41 million, a price-to-earnings ratio of 1,687.13 and a beta of 0.60.

Insider Transactions at Team Internet Group

In related news, insider Marie Holive acquired 25,252 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of GBX 79 ($0.99) per share, for a total transaction of £19,949.08 ($24,958.19). Also, insider Max Royde purchased 75,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were bought at an average cost of GBX 85 ($1.06) per share, with a total value of £63,750 ($79,757.29). Insiders bought 294,112 shares of company stock valued at $24,246,748 in the last 90 days. 27.74% of the stock is currently owned by insiders.

About Team Internet Group

Team Internet Group plc provides domain name services worldwide. It operates through two segments, Online Presence and Online Marketing. The Online Presence segment provides domain names through a network of channel partners, as well as selling domain names and ancillary, monitoring, technical, and consultancy services to end users and corporate clients.