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 moreBeginning on Thursday, October 1, 2015, the company's common stock will trade on the NYSE on a reverse split-adjusted basis under the same symbol "FXCM," but with a new CUSIP of 302693205.
Read moreRetail forex broker FXCM Inc. (NYSE:FXCM) has announced a special meeting of shareholders to be held September 21, 2015. The sole purpose of the meeting is to approve the company's plan to effect a 1:10 reverse stock split - meaning shareholders would receive just one share post split for every 10 shares they now own. Only…
Read more"The execution of this reverse split represents an important step in achieving several significant corporate objectives, including FXCM's continued listing on the New York Stock Exchange," said Drew Niv, Chief Executive Officer and Chairman of the Board.
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