BGC Partners (NASDAQ:BGCP) has tumbled 1.23% during the past week and has dropped 0.45% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.04%. BGC Partners (NASDAQ:BGCP) has underperformed the index by 1.36% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
BGC Partners (NASDAQ:BGCP): The stock opened at $8.97 on Friday but the bulls could not build on the opening and the stock topped out at $9.02 for the day. The stock traded down to $8.84 during the day, due to lack of any buying support eventually closed down at $8.86 with a loss of -0.89% for the day. The stock had closed at $8.94 on the previous day. The total traded volume was 2,146,931 shares.
The company shares have dropped -4.94% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $10.05 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $9.01 and the 200 Day Moving Average price is recorded at $9.08.
On the companys insider trading activities, Curwood Stephen T, director of Bgc Partners, Inc., unloaded 4,000 shares at an average price of $9.16 on June 8, 2015. The total amount of the transaction was worth $36,640, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Currently the company Insiders own 37.4% of BGC Partners shares according to the proxy statements. Institutional Investors own 39.29% of BGC Partners shares.
BGC Partners Inc. (BGC) is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services, which offers fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures and structured products, and Real Estate Services (or Newmark Grubb Knight Frank (NGKF)), which is a full-service commercial real estate platform that consists of its Real Estate Services segment. Through NGKF, the Company offers commercial real estate tenants, owners, investors and developers a range of services, including leasing and corporate advisory, investment sales and financial services, consulting, project management, and property and facilities management. The Company also provides broker-dealer services, clearing, processing, information, and other back-office services to a range of financial and non-financial institutions.