Notable Runner: Virtu Financial Inc’s Trend Down, Especially After Today’s All-Time Low

Notable Runner: Virtu Financial Inc's Trend Down, Especially After Today's All Time Low

The stock of Virtu Financial Inc (NASDAQ:VIRT) reached all time low today, Oct, 3 and still has $13.60 target or 8.00% below today’s $14.78 share price. This indicates more downside for the $2.06B company. This technical setup was reported by Barchart.com. If the $13.60 PT is reached, the company will be worth $164.80 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 36,782 shares traded hands. Virtu Financial Inc (NASDAQ:VIRT) has declined 32.90% since February 29, 2016 and is downtrending. It has underperformed by 45.12% the S&P500.

Analysts await Virtu Financial Inc (NASDAQ:VIRT) to report earnings on November, 2.

Virtu Financial Inc (NASDAQ:VIRT) Ratings Coverage

Out of 3 analysts covering Virtu Financial (NASDAQ:VIRT), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Virtu Financial has been the topic of 10 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Monday, January 11, the company rating was upgraded by Goldman Sachs. The stock of Virtu Financial Inc (NASDAQ:VIRT) earned “Buy” rating by Goldman Sachs on Tuesday, April 5. The stock of Virtu Financial Inc (NASDAQ:VIRT) earned “Buy” rating by UBS on Tuesday, October 13. As per Thursday, August 6, the company rating was maintained by UBS. The firm earned “Hold” rating on Friday, August 21 by Zacks. The stock of Virtu Financial Inc (NASDAQ:VIRT) earned “Buy” rating by UBS on Thursday, August 4. UBS maintained it with “Buy” rating and $22 target price in Friday, May 27 report. Zacks upgraded the shares of VIRT in a report on Saturday, August 8 to “Sell” rating.

According to Zacks Investment Research, “Virtu Financial, Inc. is a financial holding company. The company offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools. Virtu Financial, Inc. is headquartered in New York.”

More notable recent Virtu Financial Inc (NASDAQ:VIRT) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 06, 2015, also Globenewswire.com with their article: “Virtu Financial, Inc. Appoints Christopher C. Quick and Michael T. Viola to …” published on April 11, 2016, Wsj.com published: “French Regulator Considers Fining Virtu Financial for 2009 Trading” on November 04, 2015. More interesting news about Virtu Financial Inc (NASDAQ:VIRT) were released by: Wsj.com and their article: “Virtu Financial Starts Trading in China” published on August 05, 2015 as well as Barrons.com‘s news article titled: “How Hot IPO Virtu Financial Makes Money” with publication date: April 18, 2015.

VIRT Company Profile

Virtu Financial, Inc., incorporated on October 17, 2013, is a holding company. The Firm is a technology-enabled market maker and liquidity well-known provider to the financial markets across the world. The Firm is engaged in buying or selling a range of securities and other financial instruments, and earning small bid/ask spreads across various transactions. The Firm has developed a single, multi-asset, multi-currency technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on various exchanges, markets and liquidity pools in various countries around the world. The Firm makes markets by providing quotations to buyers and sellers in approximately 12,000 securities and other financial instruments on over 230 exchanges, markets and liquidity pools in approximately 30 countries around the world.

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