Weakness Seen in GFI Group (GFIG): Stock Falls 5.1%

Zacks

GFI Group Inc. (GFIG) saw a big move last session, as the company’s shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This however reverses the uptrend for GFIG, as the stock is now up just about 1% since Apr 4.

This slump shouldn’t be too much of a surprise to investors, as this brokerage services provider has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

GFIG currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the same sector include E*TRADE Financial Corporation (ETFC), Interactive Brokers Group, Inc. (IBKR) and Investment Technology Group Inc. (ITG). All these stocks hold a Zacks Rank #1 (Strong Buy).

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(GFIG): Free Stock Analysis Report

E*TRADE FINANCIAL CORP (ETFC): Free Stock Analysis Report

INTERACTIVE BROKERS GROUP INC (IBKR): Free Stock Analysis Report

INVESTMENT TECH GRP (ITG): Free Stock Analysis Report


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