HSBC Lowers The Independent Investment Trust (IIT) to Reduce

HSBC lowered shares of The Independent Investment Trust (LON:IIT) from a hold rating to a reduce rating in a report published on Tuesday morning, The Fly reports.

The Independent Investment Trust opened at GBX 7.66 ($0.10) on Tuesday, Marketbeat Ratings reports. The Independent Investment Trust has a 12 month low of GBX 424.12 ($5.65) and a 12 month high of GBX 811 ($10.80).

In other The Independent Investment Trust news, insider James Ferguson sold 25,000 shares of the business’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of GBX 760 ($10.12), for a total value of £190,000 ($252,962.32). Also, insider Maxwell C. B. Ward sold 67,000 shares of the business’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of GBX 754 ($10.04), for a total transaction of £505,180 ($672,586.87). Over the last 90 days, insiders sold 385,600 shares of company stock worth $282,701,000.

About The Independent Investment Trust

The Independent Investment Trust PLC is a publically owned investment manager. The firm launches and manages equity mutual fund for its clients. It invests in public equity markets across the globe. The Independent Investment Trust PLC is based in Edinburgh, United Kingdom.

The Fly

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