Today’s Price Action: Can Virtu Financial Inc’s Tomorrow be Different? The Stock Declines Again

Today's Price Action: Can Virtu Financial Inc's Tomorrow be Different? The Stock Declines Again

The stock of Virtu Financial Inc (NASDAQ:VIRT) is a huge mover today! About 235,102 shares traded hands. Virtu Financial Inc (NASDAQ:VIRT) has declined 32.84% since March 4, 2016 and is downtrending. It has underperformed by 40.88% the S&P500.
The move comes after 8 months negative chart setup for the $2.03 billion company. It was reported on Oct, 7 by Barchart.com. We have $13.37 PT which if reached, will make NASDAQ:VIRT worth $182.70 million less.

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. The firm has “Sell” rating given on Saturday, August 8 by Zacks. The firm has “Hold” rating given on Friday, August 21 by Zacks. The firm has “Buy” rating by Goldman Sachs given on Monday, January 11. The stock has “Buy” rating given by UBS on Thursday, August 6. UBS maintained Virtu Financial Inc (NASDAQ:VIRT) on Tuesday, October 13 with “Buy” rating. UBS maintained it with “Buy” rating and $20 target price in Thursday, August 4 report. On Tuesday, April 5 the stock rating was maintained by Goldman Sachs with “Buy”. The stock has “Buy” rating given by UBS on Friday, May 27.

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: Moodys.com which released: “Moody’s assigns first-time Ba3 rating to Virtu Financial with a positive outlook” on October 04, 2016, also Marketwatch.com with their article: “/quotes/zigman/3870025/realtime” published on April 06, 2015, Globenewswire.com published: “Virtu Financial, Inc. Appoints Christopher C. Quick and Michael T. Viola to …” on April 11, 2016. More interesting news about Virtu Financial Inc (NASDAQ:VIRT) were released by: Wsj.com and their article: “French Regulator Considers Fining Virtu Financial for 2009 Trading” published on November 04, 2015 as well as Globenewswire.com‘s news article titled: “Virtu Financial Enters into a Strategic Minority Investment with SBI Japannext” with publication date: July 05, 2016.

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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