FXCM Inc Shares Spike Higher 15% After News of Board Member Buying
Posted: Wed Jun 15, 2016 6:08 pm
Shares of FXCM Inc (NYSE:FXCM) are trending higher today after the only material news event around the company was the purchase of shares on the open market by board member Ryan Silverman.
The broker’s Board of Directors member and Chair of the Corporate Governance and Nominating Committee has filed with the SEC a form reporting he acquired 4200 shares at an average price of $8.22.
After the purchase, the total holdings of FXCM stock pertaining to Silverman has increased to 29,659 shares. Insider buying in a relatively small cap company which FXCM Inc (NYSE:FXCM) has become since the unfortunate events of ... (read more)