FXCM Inc (FXCM) Stock Up over 110% On The Week, 400+% Since December 10th


Shares of FXCM Inc (NYSE:FXCM) continue to surge in late morning trading today as investors pile into the stock on hopes of a possible debt deal with Leucadia, which they hope will be favorable for everyone involved. The stock, which was trading at just $11.15 prior to the Christmas holiday, is now up over 110% this week alone. After soaring at the open on Monday, shares of FXCM Inc (NYSE:FXCM) gapped up at the open yesterday and then saw a steady rise throughout the day today so far.

On an even longer time scale, FXCM Inc (NYSE:FXCM) is up 400% over the last three weeks. On December 10th the stock was trading at a measly $5.30. While much of this rise could be physiological, after the company announced that they would be buying back up to $66 million in stock, some of it may actually be due to that ongoing buyback. It will be interesting to watch the stock over the remainder of the week to see if these gains can hold or if sellers begin to take some profit off of the table. The stock is up 19.49% or $3.86 following the news, hitting $23.66 per share. About 2.41M shares traded hands or up 196.19% from the average. FXCM has risen 1211.26% since May 27, 2015 and is currently uptrending. It has outperformed the S&P500 by 1213.38%.

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 $128.68 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.