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Stock Investors Sell Off Shares of BGC Partners, Down 1.9%

Published on Fri, 04/26/2013 - 12:32
By Adrienne Chilton

BGC Partners (NASDAQ:BGCP) is a company whose shares are active, trading 1.9% lower to $5.59. The Dow is trading fractionally lower to 14,693 and the S&P is currently down 0.4% to 1,579.

BGC Partners (NASDAQ:BGCP) is currently priced 11.8% above its average consensus analyst price target of $4.93. BGC Partners shares have support at the 50-day moving average (MA) of $4.75 and additional support at the 200-day MA of $4.48.

In the past 52 weeks, shares of BGC Partners have traded between a low of $3.11 and a high of $7.07 and are now at $5.59, which is 80% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has slid 0.2%.

BGC Partners, Inc. is a full-service, inter-dealer broker specializing in the trading of over-the-counter (OTC) financial instruments and related derivative products. The Company is active in the global fixed income, rates, foreign exchange, equity derivatives, credit derivatives, futures and structured product markets.

By Adrienne Chilton
achilton@fnno.com