Galaxy Digital (TSE:GLXY) Stock Price Down 5%

Galaxy Digital Holdings Ltd. (TSE:GLXYGet Free Report) was down 5% during trading on Tuesday . The stock traded as low as C$16.53 and last traded at C$16.60. Approximately 27,397 shares were traded during trading, a decline of 97% from the average daily volume of 914,187 shares. The stock had previously closed at C$17.48.

Analyst Upgrades and Downgrades

Separately, ATB Capital increased their target price on Galaxy Digital from C$17.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th.

Check Out Our Latest Stock Analysis on Galaxy Digital

Galaxy Digital Trading Down 7.1 %

The stock has a market capitalization of C$2.01 billion, a PE ratio of 2.67 and a beta of 3.21. The stock’s fifty day simple moving average is C$13.53 and its 200-day simple moving average is C$11.99.

Insider Buying and Selling

In other news, Director Damien Richard Paul Vanderwilt sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of C$16.53, for a total value of C$413,205.00. In related news, Director Francesca Don Angelo sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of C$15.00, for a total transaction of C$150,000.00. Also, Director Damien Richard Paul Vanderwilt sold 25,000 shares of Galaxy Digital stock in a transaction dated Friday, June 7th. The stock was sold at an average price of C$16.53, for a total transaction of C$413,205.00. Over the last ninety days, insiders have sold 156,668 shares of company stock worth $2,316,108. 1.98% of the stock is owned by insiders.

About Galaxy Digital

(Get Free Report)

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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