FXCM Inc (FXCM) Stock Soars Today — What could be the reason?


Shares of FXCM Inc (NYSE:FXCM) are trading up big this morning, on no news whatsoever from the company. That has some investors calling it a “Christmas Miracle”, while others are fuming after shorting the stock. While no news has been released, there is plenty of speculation going on about what exactly is causing this seemingly unwarranted spike.

Some investors are hoping this spike is indicating news that will be released later this week, in time for the New Year, while others believe that it’s simply a momentum move by investors.

“This shows how many people have simply no clue of trading or investing,” wrote one investor, who goes by the name, Anaklin, on Stocktwits.com. “Anyway we need shorts to get squeezes and parabolic surges.”

“This is 99% buyback from Niv and Co.,” speculated another investor, named nmfox0723. “Almost 700,000 volume in the first half hour. Let’s get to 20$ today!”

Regardless, something seems to be making this stock move. What it is, we are not sure of. It should be interesting to follow FXCM Inc (NYSE:FXCM) as the week unfolds.

The stock is up 32.83% or $3.66, hitting $14.81 per share. About 161,265 shares traded hands. FXCM has risen 813.93% since May 22, 2015 and is uptrending. It has outperformed the S&P500 by 816.20%.

The institutional sentiment decreased to 0.17 in Q2 2015. It’s down 0.32, from 0.49 in 2015Q2. The ratio turned negative, 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 FOREX trading and related services. The company has a market cap of $79.43 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.