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.

Read this next

Retail FX

Lion launches multi-currency trading accounts powered by AI

The core advantages of multi-currency trading account services include enabling significant cost savings and higher efficiency for investors.

Inside View, Interviews

Interview: Stanislav Bunimovich on Finalto’s white label solution

To explore what makes Finalto’s white-label solutions stand out in such an incredibly competitive market, Finalto sat down with its Chief Operating Officer, Stanislav Bunimovich, for an interview. 

Digital Assets

Talos acquired Cloudwall for a better portfolio management system

Cloudwall’s additional expertise in portfolio risk systems further positions Talos at the forefront of portfolio management systems across spot, futures, perps, and options.

Digital Assets

Bybit’s Bitcoin market share explodes, up by 400%

“This milestone is a testament to our sharp trading products and the loyalty of our users. As the industry evolves, Bybit remains at the forefront, ready to set new standards in the crypto trading world.”

Crypto Insider

Why Self-Custody is the Key to Secure Crypto Trading

Crypto trading is fast gaining popularity; as of writing, the total market capitalization stands at $2.3 trillion, double what it was at the onset of the 2021 bull market.

Industry News

UK FCA sues Lee Steven Maggs for FX scam Kube Trading

‘Kube Trading’ allegedly received around £2.67 million for FX trading and concealed significant losses from investors.

Market News

AUD/USD Soars Following Inflation Report

Australia’s CPI surge hints at prolonged tight monetary policy. Watch the Aussie dollar as US economic data looms.

Institutional FX

GCEX reports drop in turnover in 2023 due to crypto winter

“The crypto winter had a huge impact across the industry, and GCEX was no exception. However, in response to the decline in revenue, we have been resilient and adaptive, navigating our costs effectively and diversifying revenue streams such as introducing staking services for institutional and professional clients.”

Institutional FX

FxGrow taps Integral’s SaaS brokerage workflow

“FxGrow’s decision to partner with us is indicative of the growing advantage for brokers to leverage tier-one institutional-grade technology while maintaining control over their own platform. Integral is well-positioned to provide the SaaS solutions that will enable these businesses to better compete in the market.”