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.

An institutional investor recently bought a new position in FXCM stock. Renaissance Technologies LLC purchased a new position in shares of FXCM Inc. (NASDAQ:GLBR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 266,730 shares of the financial services provider’s stock, valued at approximately $720,000. Renaissance Technologies LLC owned about 4.34% of FXCM as of its most recent SEC filing. Hedge funds and other institutional investors own 23.00% 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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