FXCM (GLBR) Rating Increased to Sell at ValuEngine

FXCM (NASDAQ:GLBR) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Friday.

FXCM (NASDAQ:GLBR) traded down $0.04 during trading hours on Friday, reaching $0.46. The company’s stock had a trading volume of 952,062 shares, compared to its average volume of 183,996. FXCM has a 1 year low of $0.38 and a 1 year high of $9.80.

In other FXCM news, CEO Kenneth A. Grossman sold 31,368 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $1.26, for a total value of $39,523.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David Sakhai sold 174,610 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $0.63, for a total value of $110,004.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 247,405 shares of company stock valued at $201,447. 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 stake in FXCM Inc. (NASDAQ:GLBR) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 reporting period. 23.00% of the stock is owned by institutional investors.

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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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