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Galaxy Digital (TSE:GLXY) Shares Down 6.6% - Time to Sell?

Galaxy Digital logo with Financial Services background

Key Points

  • Galaxy Digital's stock price fell 6.6%, trading as low as C$36.89, significantly below its previous close of C$39.50.
  • Trading volume dropped by 45% compared to its average, with 671,478 shares changing hands during mid-day trading.
  • The company operates in the digital assets and blockchain technology sector with a market cap of C$8.66 billion and a P/E ratio of 3.03.
  • MarketBeat previews top five stocks to own in October.

Galaxy Digital Holdings Ltd. (TSE:GLXY - Get Free Report)'s share price was down 6.6% during mid-day trading on Friday . The company traded as low as C$36.89 and last traded at C$36.90. Approximately 671,478 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 1,223,334 shares. The stock had previously closed at C$39.50.

Galaxy Digital Trading Up 1.7%

The company has a market cap of C$8.01 billion, a P/E ratio of 2.81 and a beta of 3.17. The stock's 50 day moving average is C$33.04 and its 200-day moving average is C$26.09.

About Galaxy Digital

(Get Free Report)

Galaxy Digital is a is a diversified financial services and investment management company dedicated to the digital assets and blockchain technology industry. The company operates through five business lines: Trading, Principal investing, Asset management, mining and Investment Banking.

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