FXCM (GLBR) Upgraded by ValuEngine to “Sell”

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

Shares of FXCM (GLBR) traded down $0.04 during trading on Friday, hitting $0.46. 952,062 shares of the stock traded hands, 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 shares were sold at an average price of $1.26, for a total value of $39,523.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ryan Silverman sold 27,890 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were 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. Over the last quarter, insiders have sold 247,405 shares of company stock worth $201,447. 8.99% of the stock is owned by company insiders.

A hedge fund recently bought a new stake 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 as of its most recent SEC filing. 23.00% of the stock is owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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