IG Group (OTCMKTS:IGGHY) Trading Up 11.5% – Time to Buy?

IG Group Holdings plc (OTCMKTS:IGGHYGet Free Report)’s stock price rose 11.5% during trading on Friday . The stock traded as high as $12.80 and last traded at $12.80. Approximately 467 shares were traded during trading, a decline of 52% from the average daily volume of 983 shares. The stock had previously closed at $11.48.

IG Group Price Performance

The firm has a fifty day simple moving average of $11.45 and a two-hundred day simple moving average of $11.29.

IG Group Company Profile

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IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.

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