Galaxy Digital (NASDAQ:GLXY - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 1,818,283 shares traded hands during mid-day trading, an increase of 80% from the previous session's volume of 1,009,444 shares.The stock last traded at $19.90 and had previously closed at $19.33.
Analysts Set New Price Targets
GLXY has been the topic of a number of recent analyst reports. Atb Cap Markets upgraded Galaxy Digital to a "strong-buy" rating in a research report on Tuesday, May 20th. Wall Street Zen raised Galaxy Digital to a "sell" rating in a research note on Saturday, May 24th. Finally, HC Wainwright raised shares of Galaxy Digital to a "strong-buy" rating in a research note on Friday, May 16th.
Read Our Latest Stock Report on GLXY
Galaxy Digital Trading Down 3.0%
Insider Buying and Selling
In related news, CEO Michael Novogratz sold 4,380,967 shares of Galaxy Digital stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $18.10, for a total value of $79,295,502.70. Following the sale, the chief executive officer now directly owns 348,921 shares in the company, valued at approximately $6,315,470.10. The trade was a 92.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Erin Elizabeth Brown sold 87,704 shares of Galaxy Digital stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $22.17, for a total value of $1,944,397.68. Following the completion of the sale, the chief operating officer now owns 402,591 shares in the company, valued at approximately $8,925,442.47. The trade was a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,668,671 shares of company stock worth $175,359,900.
About Galaxy Digital
(
Get Free Report)
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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