FXCM ends week up 28%, Plus500 up 7% to $1 billion valuation

FXCM ends week up 28%, Plus500 up 7% to $1 billion valuation

7 March 2016, 20:00
Francis Dogbe
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It was a fairly good week for shares of retail forex brokers. (At least for some of them). Hottest of the group was FXCM Inc (NYSE:FXCM), which saw speculation heat up again regarding its ability to seal a deal with Leucadia National Corp (NYSE:LUK) and renegotiate terms of its $300 million loan from Leucadia. FXCM shares were up more than 28% for the week ended March 4, that despite being down 6% on Friday. FXCM shares began the week at $12.04, and ended the week at $15.42. FXCM is ...(read more)
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