Interactive Brokers Group (IBKR) has risen sharply, recording gains of 0.95% in the past 4 weeks. However, the stock has corrected -0.9% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.56% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Interactive Brokers Group, Inc. has dropped 6.22% during the last 3-month period . Year-to-Date the stock performance stands at -18.8%. The stock has recorded a 20-day Moving Average of 0.08% and the 50-Day Moving Average is 1.56%.
Interactive Brokers Group (NASDAQ:IBKR): The stock opened at $35.08 on Friday but the bulls could not build on the opening and the stock topped out at $35.24 for the day. The stock traded down to $34.84 during the day, due to lack of any buying support eventually closed down at $35.21 with a loss of -0.11% for the day. The stock had closed at $35.25 on the previous day. The total traded volume was 844,221 shares.
Also, Buckingham Research initiates coverage on Interactive Brokers Group (NASDAQ:IBKR) In a research note issued to the investors, the brokerage major announces price-target of $38 per share.The shares have been rated Neutral. The rating by the firm was issued on May 12, 2016.
Interactive Brokers Group, Inc. (IBG, Inc.) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on more than 100 electronic exchanges and trading venues around the world. It operates in two segments: electronic brokerage and market making. The Company owns approximately 14.5% in IBG LLC, the holding company for its businesses. The Company is the sole managing member of IBG LLC. As a direct market access broker, the Company serves the customers of both traditional brokers and prime brokers. It provides its customers with order management, trade execution and portfolio management platform. As a market maker, it provides continuous bid and offer quotations on over one million securities and futures products listed on electronic exchanges around the world.