FXCM Inc. (GLBR) Reaches New 12-Month Low at $0.58

Shares of FXCM Inc. (NASDAQ:GLBR) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $0.58 and last traded at $0.58, with a volume of 373100 shares traded. The stock had previously closed at $0.95.

In related news, CEO Kenneth A. Grossman sold 31,368 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $1.26, for a total transaction of $39,523.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ryan Silverman sold 27,890 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $1.25, for a total transaction of $34,862.50. The disclosure for this sale can be found here. Insiders have sold a total of 72,795 shares of company stock worth $91,443 in the last quarter. 8.99% of the stock is currently owned by company insiders.

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) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 23.04% 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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