Shares of embattled Forex brokerage FXCM proceed to slide lower on Midweek every mo investors’ confidence inward the long-term viability of the theater continues to erode.
FXCM shares began to slide at the opening bell, hitting an all-time depression of $2.75 at 2:45 p.m EST. The stock took out yesterday’s lows of $2.95 when investors dumped 24k+ shares on the market.
Gain Capital Holdings officially announced yesterday it entered into a buy understanding to laid about FXCM’s U.S.-based clientele for an undisclosed sum, merely existing shareholders of FXCM convey continued to dispose of their holdings. On acme of everything else, several
securities constabulary firms convey also released press releases inward the by 24h, line-fishing for disgruntled FXCM shareholders as well as whistleblowers.
While FXCM shares convey been crashing over the by 2 days, shares of Gain Capital Holdings hitting a 1.5-year high of $8.59 during yesterday’s trading session, every mo tidings of the acquisition spread.
At press time, Gain Capital shares are trading around $8.09!
