MarketAxess stock sheds 1.62% and underperforms rivals
Updated
Updated · MarketWatch · May 6
MarketAxess stock sheds 1.62% and underperforms rivals
7 articles · Updated · MarketWatch · May 6
Shares closed at $148.84 on Wednesday, as the S&P 500 rose 1.46% and the Dow gained 1.24% in a broadly positive US market session.
The decline marked MarketAxess's second straight daily loss, while Blackstone rose 1.61%, Morgan Stanley gained 2.17% and Charles Schwab slipped 0.27%.
MarketAxess ended 36.07% below its 52-week high of $232.84 reached on 8 May, with trading volume of 556,585 topping its 50-day average of 471,391.
With insiders selling and shares at a low, are MarketAxess's strong fundamentals a mirage or a sign of a rebound?
Can MarketAxess's new AI platform reverse its massive trading slump amid a low-volatility market and rising inflation concerns?