BGC Partners (BGCP) has risen sharply, recording gains of 0.78% in the past 4 weeks. However, the stock has corrected -2.6% in the past 1 week, providing a good buying opportunity on dips. BGC Partners (BGCP) : During the past 4 weeks, traders have been relatively bearish on BGC Partners (BGCP), hence the stock is down -0.24% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.65% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 0.78% and the 50-Day Moving Average is 1%. BGC Partners (NASDAQ:BGCP): On Fridays trading session , Opening price of the stock was $9.06 with an intraday high of $9.08. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $8.96. However, the stock managed to close at $8.99, a loss of 0.88% for the day. On the previous day, the stock had closed at $9.07. The total traded volume of the day was 998,516 shares.
The company Insiders own 37.4% of BGC Partners shares according to the proxy statements. Institutional Investors own 40.26% of BGC Partners shares.
BGC Partners Inc. (BGC) is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services, which offers fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures and structured products, and Real Estate Services (or Newmark Grubb Knight Frank (NGKF)), which is a full-service commercial real estate platform that consists of its Real Estate Services segment. Through NGKF, the Company offers commercial real estate tenants, owners, investors and developers a range of services, including leasing and corporate advisory, investment sales and financial services, consulting, project management, and property and facilities management. The Company also provides broker-dealer services, clearing, processing, information, and other back-office services to a range of financial and non-financial institutions.