The stock of FXCM Inc (NASDAQ:FXCM) is a huge mover today! The stock decreased 10.26% or $0.9 on October 3, hitting $7.87. About 67,285 shares traded hands or 132.71% up from the average. FXCM Inc (NASDAQ:FXCM) has declined 30.01% since February 29, 2016 and is downtrending. It has underperformed by 42.22% the S&P500.
The move comes after 7 months negative chart setup for the $43.74 million company. It was reported on Oct, 4 by Barchart.com. We have $6.85 PT which if reached, will make NASDAQ:FXCM worth $5.69 million less.
Analysts await FXCM Inc (NASDAQ:FXCM) to report earnings on November, 3.
According to Zacks Investment Research, “FXCM Inc. is an online provider of foreign exchange, trading and related services to retail and institutional customers globally. It offers its customers access to over-the-counter, FX markets through its proprietary technology platform. Its platform presents its FX customers with the price quotations on currency pairs from global banks, financial institutions and market makers. The Company acts as a credit intermediary, simultaneously entering into offsetting trades with both the customer and the FX market maker. It earns trading fees and commissions by adding a markup to the price provided by the FX market makers and generate its trading revenues based on the volume of transactions, not trading profits or losses. The business of the Company is operated through two segments, retail trading and institutional trading. The institutional trading segment offers FX trading services to banks, hedge funds and other institutional customers on an agency model basis. FXCM Inc is headquartered in New York, New York.”
More important recent FXCM Inc (NASDAQ:FXCM) news were published by: Finance.Yahoo.com which released: “FXCM Inc. Announces $15 Million At-the-Market Offering” on October 03, 2016, also Reuters.com published article titled: “UK’s IG Group to buy DailyFX from FXCM Inc for $40 mln”, Globenewswire.com published: “FXCM Inc. (Nasdaq: FXCM) to Ring The Nasdaq Stock Market Opening Bell” on September 28, 2016. More interesting news about FXCM Inc (NASDAQ:FXCM) was released by: Wsj.com and their article: “FXCM, Leucadia Amend Terms of Rescue Package” with publication date: September 01, 2016.
FXCM Company Profile
FXCM Inc., incorporated on August 10, 2010, is an online well-known provider of foreign exchange (FX) trading and related services. The Firm offers its clients access to over-the-counter (OTC) FX markets through its technology platform. The Firm operates in the retail trading segment. It offers clients an agency model to execute their trades. In the agency model, when the Company’s customer executes a trade on the price quotation offered by its FX market makers, the Company acts as a credit intermediary, or riskless principal, simultaneously entering into offsetting trades with both the customer and the FX market maker. It holds a controlling interest in each of Lucid Markets Trading Limited, an electronic market-maker and trader in the institutional foreign exchange spot and futures market, and V3 Markets, an electronic market-maker and trader of a diverse set of products. The Firm offers three types of accounts for specific trading needs: standard, mini and active trader. It also offers mobile platforms for multiple mobile devices, including Android and the iPhone/iPad. These platforms allow clients to log in and trade across the world.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.