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BGC Partners, Inc. Message Board

  • gswkool gswkool Jul 27, 2012 10:11 AM Flag

    BGC Partners (BGCP) Shares Continue Lower as Credit Agricole Cuts to Sell

    8:03 AM ET, 07/27/2012 - Street Insider

    A headline I picked up from my brokerage acct news..

    Credit Agricole downgraded BGC Partners (NASDAQ: BGCP) from Underperform to Sell.

    Shares of BGC fell more than 8.5 percent on Thursday following Q2 results from the company.

    The stock is continuing lower Friday morning, now down about 2 percent to $5.10.


    FYI

    wish i could get more info on why the downgrade - is this one of those after the fact downgrades,as the stock has fallen considerably - or are they expecting more price declines...who knows...

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7.88-0.11(-1.38%)3:08 PMEDT

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