Galaxy Digital Holdings Ltd. (TSE:GLXY - Get Free Report) shares traded down 11.8% on Monday . The stock traded as low as C$28.45 and last traded at C$28.68. 735,996 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 1,036,042 shares. The stock had previously closed at C$32.52.
Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus raised their price objective on shares of Galaxy Digital from C$20.00 to C$24.50 and gave the stock a "buy" rating in a report on Wednesday, October 30th.
Read Our Latest Research Report on Galaxy Digital
Galaxy Digital Trading Down 2.9 %
The firm's 50 day simple moving average is C$27.44 and its two-hundred day simple moving average is C$20.82. The firm has a market cap of C$3.56 billion, a price-to-earnings ratio of 5.17 and a beta of 3.17.
Insider Activity
In related news, Director Bill Koutsouras sold 50,000 shares of Galaxy Digital stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of C$25.00, for a total transaction of C$1,250,000.00. Corporate insiders own 2.07% of the company's stock.
Galaxy Digital Company Profile
(
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Galaxy Digital Holdings Ltd. engages in the digital asset and blockchain businesses. It operates through three segments: Global Markets, Asset Management, and Digital Infrastructure Solutions. The company provides various financial products and services to individuals and institutions, such as digital asset trading, derivatives, structured products, financing, capital markets, and merger and acquisition services, digital asset spot and derivatives trading, bespoke lending and structured products.
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