Galaxy Digital (NASDAQ:GLXY - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 1,022,282 shares were traded during mid-day trading, an increase of 33% from the previous session's volume of 765,965 shares.The stock last traded at $19.57 and had previously closed at $19.13.
Analyst Ratings Changes
GLXY has been the subject of several research reports. Wall Street Zen upgraded shares of Galaxy Digital to a "sell" rating in a report on Saturday, May 24th. HC Wainwright raised shares of Galaxy Digital to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Atb Cap Markets raised shares of Galaxy Digital to a "strong-buy" rating in a research note on Tuesday, May 20th.
Read Our Latest Analysis on Galaxy Digital
Galaxy Digital Stock Up 4.8%
Insider Activity at Galaxy Digital
In other Galaxy Digital news, CEO Michael Novogratz sold 3,372,875 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $18.10, for a total transaction of $61,049,037.50. Following the completion of the sale, the chief executive officer now owns 348,921 shares of the company's stock, valued at $6,315,470.10. This represents a 90.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Andrew N. Siegel sold 223,169 shares of Galaxy Digital stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $18.10, for a total transaction of $4,039,358.90. Following the completion of the transaction, the general counsel now owns 479,896 shares in the company, valued at $8,686,117.60. This trade represents a 31.74% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,287,704 shares of company stock valued at $96,064,398.
About Galaxy Digital
(
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Galaxy Digital Holdings Ltd. is a financial services and an investment management company, which engages in the digital asset, cryptocurrency, and block chain technology sectors. It operates through the following segments: Trading, Principal Investment, Asset Management, Investment Banking, Mining, and Corporate & Other.
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