Galaxy Digital (NASDAQ:GLXY - Get Free Report) CEO Michael Novogratz sold 3,372,875 shares of the business'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 sale, the chief executive officer now owns 348,921 shares of the company's stock, valued at approximately $6,315,470.10. This represents a 90.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Galaxy Digital Stock Up 4.8%
Shares of GLXY stock traded up $0.91 during trading hours on Friday, reaching $19.98. The stock had a trading volume of 4,281,680 shares, compared to its average volume of 905,612. Galaxy Digital has a twelve month low of $6.89 and a twelve month high of $26.60.
Wall Street Analyst Weigh In
GLXY has been the subject of several analyst reports. Wall Street Zen upgraded shares of Galaxy Digital to a "sell" rating in a research note on Saturday, May 24th. HC Wainwright raised shares of Galaxy Digital to a "strong-buy" rating in a report on Friday, May 16th. Finally, Atb Cap Markets raised shares of Galaxy Digital to a "strong-buy" rating in a report on Tuesday, May 20th.
Read Our Latest Analysis on GLXY
Galaxy Digital Company Profile
(
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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