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GFI Group (NASDAQ:GFIG) major shareholder Michael Gooch sold 100,000 shares of the stock on the open market in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $3.66, for a total value of $366,000.00. Following the completion of the sale, the insider now directly owns 193,024 shares of the company’s stock, valued at approximately $706,468. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of GFI Group (NASDAQ:GFIG) traded down 0.27% on Wednesday, hitting $3.66. 184,817 shares of the company’s stock traded hands. GFI Group has a 52 week low of $3.16 and a 52 week high of $4.58. The stock’s 50-day moving average is $3.89 and its 200-day moving average is $3.8. The company’s market cap is $450.3 million.

GFI Group Inc (NASDAQ:GFIG) is a provider of wholesale brokerage services, clearing services and electronic execution and trading support products for global financial markets.

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