It looks as though the transformation of VIRT continues with strong rumours another acquisition is on the card. 4th OCtober 2018 Virtu Is Pursuing Takeover of Investment Technology Group Bloomberg +10.17% Trading firm Virtu Financial eyeing brokerage ITG - Bloomberg Reuters 10 Financial Stocks to Consider Before Theyre No Longer Worth It InvestorPlace 3rd October 2018 Eris Exchange to Create Crypto Market Backed by DRW, Virtu Bloomberg
The company seems to be undergoing some form of transformation in recent times and the graph indicates the next resistance level at around $26.25. After that we could see a recovery to the old highs of $36. Long way to go but this company is changing for the better.
This is the type of share where some indepth research could pull out a gem. The share price and the company are still considered in the "old form" even though we know the company is changing - quite dramatically I am going to take a closer look at this one
To be fair this share price has done well to stay steady in the current choppy waters of the US and worldwide stockmarkets of late. A sign of underlying strength?
What do you reckon to this:- https://www.bloomberg.com/news/arti...s-to-erase-its-bogeyman-image-in-itg-takeover Markets seem to be coming around to the deal?
This presentation might give the company a chance to shore up the long term bull story we saw just a few weeks ago:- https://www.nasdaq.com/press-releas...ence-wednesday-december-5-2018-20181120-00936
