FXCM Inc. (GLBR) Major Shareholder Dror Niv Sells 18,750 Shares of Stock

FXCM Inc. (NASDAQ:GLBR) major shareholder Dror Niv sold 18,750 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $0.56, for a total transaction of $10,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

FXCM Inc. (NASDAQ:GLBR) opened at $0.40 on Tuesday. FXCM Inc. has a 52-week low of $0.38 and a 52-week high of $9.80.

A hedge fund recently bought a new stake in FXCM stock. Renaissance Technologies LLC purchased a new position in FXCM Inc. (NASDAQ:GLBR) during the first quarter, according to its most recent 13F 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 about 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.

Separately, ValuEngine upgraded shares of FXCM from a “strong sell” rating to a “sell” rating in a research note on Friday.

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About FXCM

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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