LeapRate Exclusive…LeapRate has learned, via a series of filings made with the U.S. Securities and Exchange Commission (SEC), that Lucid Markets principal Matthew Wilhelm has sold about $4.3 million worth of FXCM (NYSE:FXCM) shares during the month of October (see table below).
Wilhelm unloaded 268,530 shares so far in October for an average price of about $16.08, totaling around $4.3 million worth of stock. Mr. Wilhelm still owns a total of 3,667,304 shares of Class A Common Stock representing 8% of the total number of shares of Class A Common Stock outstanding in the FXCM float.
FXCM shares are down around 10% year-to-date and have been buoying around the $15-16 handle. The stock hit a low for 2014 back in the summer in the midst of a volume slump on August 12th at $12.84 but have since rallied around 25% to cross back above $16.
Source: Google Finance
As LeapRate reported last in March, Lucid Markets principal Matthew Wilhelm sold (another) $8.6 million of FXCM shares in February. As a reminder, FXCM acquired 50% of Lucid Markets in June 2012 for $176 million, paid mainly in FXCM stock.
To read the official filing, click here.