LeapRate has calculated via a series of filings made with the U.S. Securities and Exchange Commission (SEC) in November filed on December 1st, Lucid Markets principal Matthew Wilhelm has sold about $7.8M worth of FXCM (NYSE:FXCM) stock on 481,228 shares at an average price of around $16.40 during the month of November (see table below).
Mr. Wilhelm sold 481,228k shares at an average price of around $16.40, click for larger image.
The sale of stock is smart as Mr. Wilhelm is taking advantage of slightly higher stock prices in November and October, as volumes have spiked across trading venues in the fall months. With the future uncertain heading into the winter months, Mr. Wilhelm has now unloaded more than $12M worth of stock since October, when he then sold $4.3M worth of shares at an average price of $16.08.
FXCM chart, Courtesy: Google
According to the filing, Mr. Wilhelm still beneficially owns a total of 2,680,681 shares of Class A Common Stock representing 5.7% of the total number of shares of Class A Common Stock outstanding. To view the official filing from the SEC, click here.