FXCM Inc (FXCM) Stock Up Big, But Down Significantly From Intraday Highs


What a day it’s been for shareholdes of FXCM Inc (NYSE:FXCM), as the stock trades up significantly in late afternoon trading. Shares were trading as high as $19.74, or up 77% on the day, before noon, but have giving back a decent chunk of those gains as shareholders look to take some profit off of the table. Shares had remained around $18 until sellers came in at approximately 2:40 p.m. ET to help pushed the price down a bit.

While there hasn’t been any major news pertaining to the company, technical trends, shorts covering and rumors seem to have fueled today’s rally. Although shares of FXCM Inc (NYSE:FXCM) are up significantly today, they are still well below their 52-week-highs of $172.50 and are currently trading as high as they were back in June. The stock is up 41.35% or $4.61 following the news, hitting $15.76 per share. About 5.75M shares traded hands or up 1274.92% from the average. FXCM has risen 813.93% since May 22, 2015 and is currently uptrending. It has outperformed the S&P500 by 817.00%.

The institutional sentiment decreased to 0.17 in Q2 2015. It’s down 0.32, from 0.49 in 2015Q2. The ratio dropped, 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 $50.65 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.