Insider Selling: FXCM Inc. (NASDAQ:GLBR) CEO Sells 31,368 Shares of Stock

FXCM Inc. (NASDAQ:GLBR) CEO Kenneth A. Grossman sold 31,368 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $1.26, for a total value of $39,523.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of FXCM Inc. (GLBR) traded down $0.04 during trading on Monday, reaching $0.46. The company’s stock had a trading volume of 952,000 shares, compared to its average volume of 67,016. FXCM Inc. has a 52-week low of $0.38 and a 52-week high of $9.80.

An institutional investor recently bought a new position in FXCM stock. Renaissance Technologies LLC purchased a new stake in FXCM Inc. (NASDAQ:GLBR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 266,730 shares of the financial services provider’s stock, valued at approximately $720,000. Renaissance Technologies LLC owned approximately 4.34% of FXCM as of its most recent filing with the Securities and Exchange Commission. 23.00% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine upgraded FXCM from a “strong sell” rating to a “sell” rating in a report on Friday.

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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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