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.)
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