Galaxy Digital (TSE:GLXY) Sets New 12-Month High – Here’s What Happened

Galaxy Digital Holdings Ltd. (TSE:GLXY) reached a new 52-week high during trading on Wednesday . The company traded as high as C$20.15 and last traded at C$20.05, with a volume of 931481 shares. The stock had previously closed at C$16.43.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their price objective on Galaxy Digital from C$20.00 to C$24.50 and gave the stock a “buy” rating in a research note on Wednesday, October 30th.

Galaxy Digital Stock Up 25.8 %

The company has a market capitalization of C$2.58 billion, a PE ratio of 3.75 and a beta of 3.17. The firm’s 50 day simple moving average is C$16.75 and its 200 day simple moving average is C$15.46.

Insider Transactions at Galaxy Digital

In other news, Director Erin Brown sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of C$18.00, for a total transaction of C$180,000.00. In other news, Director Erin Brown sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of C$18.00, for a total value of C$180,000.00. Also, Director Christopher Charles Ferraro sold 3,300 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$18.70, for a total value of C$61,709.67. Corporate insiders own 2.07% of the company’s stock.

About Galaxy Digital

Galaxy Digital Holdings Ltd. engages in the digital asset and blockchain businesses. It operates through three segments: Global Markets, Asset Management, and Digital Infrastructure Solutions. The company provides various financial products and services to individuals and institutions, such as digital asset trading, derivatives, structured products, financing, capital markets, and merger and acquisition services, digital asset spot and derivatives trading, bespoke lending and structured products.