FXCM (GLBR) Trading 36.5% Higher
FXCM Inc. (NASDAQ:GLBR) traded up 36.5% on Wednesday . The stock traded as high as $0.87 and last traded at $0.71. 8,211,300 shares were traded during mid-day trading, an increase of 2,490% from the average session volume of 317,000 shares. The stock had previously closed at $0.52.
Separately, ValuEngine upgraded FXCM from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st.
In other news, CEO Kenneth A. Grossman sold 31,368 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $1.26, for a total transaction of $39,523.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David Sakhai sold 112,808 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $0.40, for a total value of $45,123.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 631,791 shares of company stock valued at $383,484. Corporate insiders own 8.99% of the company’s stock.
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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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