Galaxy Digital Sees Unusually High Options Volume (NASDAQ:GLXY)

Galaxy Digital Inc. (NASDAQ:GLXYGet Free Report) saw some unusual options trading activity on Friday. Stock traders acquired 19,916 call options on the company. This is an increase of 92% compared to the typical daily volume of 10,386 call options.

Analyst Ratings Changes

A number of research firms have weighed in on GLXY. Atb Cap Markets upgraded shares of Galaxy Digital to a “strong-buy” rating in a research note on Tuesday, May 20th. Wall Street Zen upgraded shares of Galaxy Digital to a “sell” rating in a research note on Saturday, May 24th. Finally, HC Wainwright upgraded shares of Galaxy Digital to a “strong-buy” rating in a research note on Friday, May 16th.

Read Our Latest Stock Report on GLXY

Insider Activity at Galaxy Digital

In other Galaxy Digital news, insider Christopher C. Ferraro sold 1,250,000 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $18.10, for a total value of $22,625,000.00. Following the transaction, the insider now directly owns 1,437,921 shares in the company, valued at $26,026,370.10. The trade was a 46.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Novogratz sold 4,380,967 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $18.10, for a total transaction of $79,295,502.70. Following the completion of the transaction, the chief executive officer now owns 348,921 shares in the company, valued at approximately $6,315,470.10. The trade was a 92.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,668,671 shares of company stock valued at $175,359,900 over the last ninety days.

Galaxy Digital Stock Down 0.9%

Shares of GLXY stock opened at $18.86 on Friday. Galaxy Digital has a 12 month low of $6.89 and a 12 month high of $26.60.

Galaxy Digital Company Profile

(Get Free Report)

Galaxy Digital Holdings Ltd. is a financial services and an investment management company, which engages in the digital asset, cryptocurrency, and block chain technology sectors. It operates through the following segments: Trading, Principal Investment, Asset Management, Investment Banking, Mining, and Corporate & Other.

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