Insider Selling: FXCM Inc. (GLBR) Major Shareholder Sells $10,500.00 in Stock

FXCM Inc. (NASDAQ:GLBR) major shareholder Dror Niv sold 18,750 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $0.56, for a total value of $10,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of FXCM Inc. (GLBR) traded up $0.47 on Thursday, reaching $0.72. The company had a trading volume of 13,233,725 shares, compared to its average volume of 132,050. FXCM Inc. has a 1 year low of $0.25 and a 1 year high of $9.80.

A hedge fund recently bought a new stake in FXCM stock. Renaissance Technologies LLC bought a new position in shares of FXCM Inc. (NASDAQ:GLBR) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 266,730 shares of the financial services provider’s stock, valued at approximately $720,000. Renaissance Technologies LLC owned about 4.34% of FXCM as of its most recent SEC filing. 23.00% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine raised FXCM from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st.

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About FXCM

Global brokerage, Inc, formerly FXCM Inc (FXCM), is engaged in providing online foreign exchange (FX) trading, contract for difference (CFD) trading, spread betting and related services. The Company owns over 50% of FXCM Group, LLC (FXCM Group). FXCM Group is a holding company of Forex Capital Markets LLC, (FXCM US), Forex Capital Markets Limited, inclusive of all EU branches (FXCM UK), FXCM Australia Pty.

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