Shares of Galaxy Digital Holdings Ltd. (TSE:GLXY - Get Free Report) dropped 5.3% during trading on Friday . The stock traded as low as C$15.01 and last traded at C$15.06. Approximately 36,706 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 894,887 shares. The stock had previously closed at C$15.91.
Wall Street Analyst Weigh In
Separately, ATB Capital boosted their price target on shares of Galaxy Digital from C$17.00 to C$20.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 15th.
Read Our Latest Analysis on GLXY
Galaxy Digital Stock Performance
The business's fifty day moving average price is C$13.81 and its two-hundred day moving average price is C$12.38. The stock has a market capitalization of C$1.91 billion, a P/E ratio of 2.53 and a beta of 3.21.
Insider Transactions at Galaxy Digital
In related news, Director Erin Brown sold 5,000 shares of the company's stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$15.58, for a total transaction of C$77,915.00. In related news, Director Andrew Neal Siegel sold 111,668 shares of the company's stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$14.43, for a total transaction of C$1,611,402.74. Also, Director Erin Brown sold 5,000 shares of the company's stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$15.58, for a total transaction of C$77,915.00. Insiders have sold a total of 161,668 shares of company stock worth $2,394,023 in the last three months. Insiders own 1.98% of the company's stock.
Galaxy Digital Company Profile
(
Get Free Report)
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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