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

Team Internet Group plc (LON:TIG)’s share price was up 28.1% on Tuesday . The stock traded as high as GBX 118 ($1.46) and last traded at GBX 116.60 ($1.44). Approximately 2,284,860 shares changed hands during mid-day trading, an increase of 128% from the average daily volume of 1,002,991 shares. The stock had previously closed at GBX 91 ($1.12).

Team Internet Group Stock Performance

The stock’s fifty day simple moving average is GBX 95.12 and its 200-day simple moving average is GBX 135.39. The stock has a market cap of £293.74 million, a P/E ratio of 1,677.60 and a beta of 0.60.

Insider Activity at Team Internet Group

In related news, insider Marie Holive purchased 25,252 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average price of GBX 79 ($0.98) per share, with a total value of £19,949.08 ($24,658.94). Also, insider Max Royde acquired 75,000 shares of Team Internet Group stock in a transaction on Friday, November 15th. The shares were purchased at an average price of GBX 85 ($1.05) per share, for a total transaction of £63,750 ($78,800.99). Over the last ninety days, insiders purchased 294,112 shares of company stock worth $24,246,748. Company insiders own 27.74% of the company’s stock.

Team Internet Group Company Profile

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.