FXCM Inc. (NASDAQ:GLBR) was down 32.8% during trading on Wednesday following insider selling activity. The company traded as low as $0.28 and last traded at $0.27. Approximately 251,359 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 247,131 shares. The stock had previously closed at $0.40.
Specifically, 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 transaction of $45,123.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ryan Silverman sold 27,890 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $1.25, for a total value of $34,862.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 631,791 shares of company stock valued at $383,484. Corporate insiders own 8.99% of the company’s stock.
Separately, ValuEngine upgraded FXCM from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st.
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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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