Shares of Galaxy Digital Holdings Ltd. (TSE:GLXY – Get Free Report) dropped 5.3% during mid-day trading on Friday . The stock traded as low as C$15.01 and last traded at C$15.06. Approximately 36,706 shares were traded during trading, a decline of 96% from the average daily volume of 894,887 shares. The stock had previously closed at C$15.91.
Analysts Set New Price Targets
Separately, ATB Capital raised their price target on shares of Galaxy Digital from C$17.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th.
Get Our Latest Stock Analysis on Galaxy Digital
Galaxy Digital Stock Performance
Insider Activity at Galaxy Digital
In related news, Director Francesca Don Angelo sold 10,000 shares of Galaxy Digital stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of C$15.00, for a total value of C$150,000.00. In related news, Director Francesca Don Angelo sold 10,000 shares of Galaxy Digital stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of C$15.00, for a total value of C$150,000.00. Also, Director Damien Richard Paul Vanderwilt sold 25,000 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of C$16.53, for a total transaction of C$413,205.00. In the last ninety days, insiders sold 161,668 shares of company stock worth $2,394,023. Corporate insiders own 1.98% of the company’s stock.
About Galaxy Digital
Galaxy Digital Holdings Ltd. engages in the digital asset and blockchain businesses. It operates through three segments: Global Markets, Asset Management, and Digital Infrastructure Solutions. The company provides various financial products and services to individuals and institutions, such as digital asset trading, derivatives, structured products, financing, capital markets, and merger and acquisition services, digital asset spot and derivatives trading, bespoke lending and structured products.
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