FXCM Inc (FXCM) Stock Soars After Large Insider Buys Are Made By Company Executives


FXCM Inc (NYSE:FXCM) shares are trading up quite a bit in early afternoon trading today, after it was announced yesterday afternoon that several company insiders have made large purchases of shares.

FXCM Inc (NYSE:FXCM) CEO Dror Niv purchased 20,000 shares of company stock for $6.478 per share, while CFO Robert Lande acquired 10,000 shares at $5.85 each, and Director Ryan Silverman grabbed 21,000 shares at $6.373 each. This comes on the heels of the stock hitting a post-reverse-split low point of $5.26 on Friday.

Perhaps some investors see the insider buying as a sign that something big is about to happen within the company, or simply that the leaders within FXCM Inc (NYSE:FXCM) believe the company to be highly undervalued.

Either way, the forex trading platform seems to be doing just fine as of late. It should be interesting to follow FXCM Inc (NYSE:FXCM) in the coming days and weeks ahead to see what’s in store for shareholders.The stock is up 29.66% or $1.99 following the news, hitting $8.7 per share. About 800,408 shares traded hands or up 279.11% from the average. FXCM has risen 286.29% since May 13, 2015 and is currently uptrending. It has outperformed the S&P500 by 289.96%.

The institutional sentiment decreased to 0.17 in Q2 2015. It’s down 0.32, from 0.49 in 2015Q2. The ratio worsened, as 24 funds sold all their FXCM Inc shares they owned while 22 reduced their positions. 1 funds bought stakes while 7 increased their total positions. Institutions now own 10.57 million shares which is 33.92% less than the previous share count of 16.00 million in 2015Q2.

Gagnon Securities Llc holds 0.07% of its total portfolio in FXCM Inc, equating to 168,518 shares. Municipal Employees' Retirement System Of Michigan owns 9,700 shares representing 0.01% of their total US portfolio. Moreover, Vanguard Group Inc has 0.01% of their total portfolio invested in the company, equating to 5.79 million shares. The New York-based American International Group Inc has a total of 0% of their portfolio invested in the stock. Bank Of America Corp De, a North Carolina-based fund reported 584,978 shares owned.

FXCM Inc. is an online provider of foreign exchange trading and related services. The company has a market cap of $40.51 million. The Firm offers access to over-the-counter (OTC) FX markets through its technology platform. It currently has negative earnings. In its 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 simultaneously entering into offsetting trades with both the customer and the FX market maker.