BGC Partners (BGCP) has been under a strong bear grip, hence the stock is down -3% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.61% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.23% in the last 1 week, and is up 3.56% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
BGC Partners (NASDAQ:BGCP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.97 and $8.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.03, notching a gain of 1.01% for the day. The total traded volume was 938,265 . The stock had closed at $8.94 on the previous day.
The stock has recorded a 20-day Moving Average of 3.81% and the 50-Day Moving Average is 1.91%. BGC Partners, Inc. has dropped 2.11% during the last 3-month period . Year-to-Date the stock performance stands at -4.79%.
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.