FXCM (GLBR) Hits New 52-Week Low Following Insider Selling
FXCM Inc. (NASDAQ:GLBR) shares reached a new 52-week low during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $0.33 and last traded at $0.40, with a volume of 1019100 shares changing hands. The stock had previously closed at $0.46.
Specifically, Director Ryan Silverman sold 27,890 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $1.25, for a total transaction of $34,862.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David Sakhai sold 252,828 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $0.50, for a total transaction of $126,414.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 518,983 shares of company stock valued at $338,361. Company insiders own 8.99% of the company’s stock.
Separately, ValuEngine raised shares of FXCM from a “strong sell” rating to a “sell” rating in a research note on Friday.
An institutional investor recently bought a new position in FXCM stock. Renaissance Technologies LLC purchased a new stake in FXCM Inc. (NASDAQ:GLBR) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 266,730 shares of the financial services provider’s stock, valued at approximately $720,000. Renaissance Technologies LLC owned approximately 4.34% of FXCM as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 23.00% of the company’s stock.
FXCM Company Profile
Global brokerage, Inc, formerly FXCM Inc (FXCM), is engaged in providing online foreign exchange (FX) trading, contract for difference (CFD) trading, spread betting and related services. The Company owns over 50% of FXCM Group, LLC (FXCM Group). FXCM Group is a holding company of Forex Capital Markets LLC, (FXCM US), Forex Capital Markets Limited, inclusive of all EU branches (FXCM UK), FXCM Australia Pty.
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