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FXCM’s stock price ended the year on a low note
The stock price of major forex brokerage FXCM (NASDAQ:FXCM) hit a 52-week low on Friday (30 Dec), its shares closing down at $7.05. The figure represents a drop by more than 55%, compared to a year earlier – on Jan 4, 2016 the broker’s stock traded for $15.77 apiece. Throughout the last trading day of 2016, a total of 53 569 FXCM shares changed hands, leaving the company with a market capitalization of $39.5 million – in fact, one of the lowest among publicly listed forex brokers. In comparison, the broker’s main peer, Gain Capital (NYSE: GCAP), registered a 13.5% drop in its stock price in 2016: its shares ... (full story)