FXCM just can't seem to buy a break. Despite posting some fairly decent financial and operating results lately, shares of retail forex broker FXCM continue to weaken. On an otherwise positive day for the stock market, and with no 'new news' out there, FXCM saw its shares drop 13% on Tuesday to hit its lowest…
Read moreLeapRate Exclusive... LeapRate has learned that the shareholder vote held today at FXCM Inc (NYSE:FXCM) on the issue of a 1:10 reverse share split of the company's shares overwhelmingly passed the resolution in favor of a reverse split. The reverse split is required to prevent FXCM's shares from being delisted from the NYSE. NYSE rules…
Read moreWell it looks like investors are not amused with FXCM's plan to do a 1:10 reverse split of its shares. FXCM Inc (NYSE:FXCM) shares tanked 12% on Wednesday, following the company's announcement late Tuesday that investors will receive 1 share for each 10 which they currently hold - something investment bankers call a 'Reverse Stock…
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