A Reversal for M & G High Income Investment Trust PLC Is Not Near. The Stock Rises Again

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The stock of M & G High Income Investment Trust PLC (LON:MGHC) is a huge mover today! The stock decreased 1.11% or GBX 0.03 on December 1, hitting GBX 2.22. About 75,356 shares traded hands or 156.22% up from the average. M & G High Income Investment Trust PLC (LON:MGHC) has declined 45.56% since April 28, 2015 and is downtrending. It has underperformed by 45.36% the S&P500.
The move comes after 9 months positive chart setup for the GBX 1.63 billion company. It was reported on Dec, 2 by Barchart.com. We have GBX 3.42 PT which if reached, will make LON:MGHC worth GBX 880.20 million more.

M&G High Income Investment Trust P.L.C. is a United Kingdom split capital investment trust company. The company has a market cap of 1.63 billion GBP. The Firm consists of three share classes: zero dividend preference shares, income shares and capital shares. It currently has negative earnings. The investment objective of the Company is to achieve an above average and increasing income over the 20 year life of the Company, while at the same time seeking to achieve capital growth.

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