Movement Alert|Interactive Brokers Rises 3.09% in Regular Trading, Goldman Sachs Target Price Upgrade and S&P 500 Inclusion Continue to Fuel Record Highs

Market Focus06-18

On June 18, Interactive Brokers rose 3.09% in regular trading, trading at $95.98/share, with turnover of $146 million, as the stock continued to reach all-time highs.

On the news front, Goldman Sachs recently raised its target price on Interactive Brokers from $102 to $109, maintaining a buy rating. Additionally, the company announced it will replace Walgreens as a constituent of the S&P 500 Index, with expectations of passive fund inflows boosting market sentiment. Interactive Brokers also launched a commission-free ETF recurring investment feature for retail investors in the European Economic Area, covering over 500 BlackRock iShares ETFs with a minimum investment threshold of just 10 euros, further expanding its retail client base. Operationally, the company reported May daily average revenue trades of 4.97 million, surging 47% year-over-year, demonstrating strong business momentum.

Within the Investment Banking and Brokerage sector, Robinhood rose 11.21%, Goldman Sachs gained 2.62%, and Morgan Stanley advanced 2.57%, reflecting broad sector strength.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment