The price of Scottish Mortgage stock has been on the decline since mid-November and besides the various attempts to correct the fall, the bears have been pulling it back down. However, investors expect the stock’s price to bounce back since the majority of them believe it is in the oversold region and is also undervalued.
To help stock investors interested in investing in Scottish Mortgage stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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What is Scottish Mortgage stock?
Scottish Mortgage stock is the stock of Scottish Mortgage Investment Trust PLC and it trades on the London Stock exchange under the ticker LON: SMT.
In a brief, the Scottish Mortgage Investment Trust is a publicly-traded investment trust that invests in strong businesses with above-average returns around the globe.
The Scottish Mortgage Investment Trust is managed by an Edinburgh-based investment management firm called Baillie Gifford & Co Limited.
Should I buy the SMT stock today?
If you want to invest in the shares of one a mortgage firm, then the Scottish Mortgage stock could be a good choice.
Nonetheless, due to the ongoing crisis between Russia and Ukraine that seems to be looping European countries including the UK, businesses could be affected in case of all-out war and that would affect the investments of the Scottish Mortgage Investment Trust.
SMT stock price prediction
Analysts are keeping a keen eye on the events around the Russia-Ukraine dispute that is attracting the attention of the Western and European countries where the Scottish Mortgage Investment Trust has invested most.
Besides the recent development, investors are optimistic that the SMT stock price shall bounce back and possibly close the first quarter of 2022 above £1,000.
$SMT social media coverage
The post Where to buy Scottish Mortgage stock dip: it’s up today amid prospects of a bounce-back appeared first on Invezz.
