CMC Markets insider buys shares in the top CFD broker

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A director of CMC Markets, one of the largest CFD brokers, has bought 76 shares of the business’s stock. David Fineberg, Group Director of Trading at the top CFD broker, purchased 76 shares of the company’s stock in October, at an average cost of £1.98 per share.

Director buys shares in one of the largest CFD brokers

Mr Fineberg joined CMC Markets in November 1997 and as a senior dealer he was responsible for managing the UK and US equity books.

From April 2007 to September 2012 he was Western Head of Trading, covering all asset classes for the Western region and in September 2010 he was appointed to the role of Group Head of Trading. He has been a director of CMC Markets Plc – one of the top CFD brokers – since January 2014.

Shares in CMC Markets have fluctuated between GBP 180 and GBP 293.60 over the last year, with a 200 day moving average of GBP 259.20.

CMC Markets Plc is a holding company, providing online and mobile trading servicing to both retail and institutional clients. The Company enables clients to trade over 10,000 financial instruments, including indices, commodities, foreign exchange (FX) and equities through its trading platform. It is one of the largest CFD brokers in the market.

Top CFD broker the subject of a number of research reports

In recent months, CMC Markets has been the topic of a number of research reports.

Numis Securities Ltd initiated coverage on shares of CMC Markets Plc in a research note in June 2016, where they set a ‘hold’ rating and a target price of GBP280 on the stock. Shore Capital reaffirmed a ‘hold’ rating in a research note on Thursday, September 29th.

 

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