Alon Gonen keeps buying Plus500 shares

Maria Nikolova

Plus500’s co-founder purchased 304,473 shares on March 20, 2020, and 250,000 shares on March 24, 2020.

The active buying of shares in online trading company Plus500 Ltd (LON:PLUS) by one of its co-founders – Alon Gonen, continues. Earlier today, the broker filed a report with the London Stock Exchange, announcing the latest set of transactions conducted by Mr Gonen, through Sparta 24 Ltd.

On March 20, 2020, Mr Gonen bought a total of 304,473 shares in Plus500. Of these, 274,666 shares were acquired at an average price of 814.925p per share, whereas 29,807 shares were acquired at an average price of 819.528p per share.

On March 24, 2020, Mr Gonen bought 250,000 shares in the broker at an average price of 859.037p per share.

Last week, Mr Gonen bought 1.1 million shares in the broker.

The most recent trading update by Plus500 said the brokerage continues to see a significantly increased level of customer trading activity alongside strong momentum across all financial and operational KPIs. The company has registered strong revenue from Customer Income due to the heightened levels of market volatility. Plus500 said it also experienced gains from Customer Trading Performance which is expected to be neutral over time.

Plus500 forecasts revenue and profitability for the full year to be substantially ahead of current consensus expectations.

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