Plus500’s founder Alon Gonen buys 445,064 shares in company

Maria Nikolova

He purchased a total of 445,064 shares at an average price of £9.38 per share in a transaction dated March 2, 2020.

Plus500 Ltd (LON:PLUS) has just reported that one of its co-founders – Alon Gonen, has purchased more shares in the online trading company.

A regulatory filing says that Mr Gonen has acquired shares of NIS 0.01 each in the company (“Ordinary Shares”). He purchased a total of 445,064 shares at an average price of £9.38 per share. The transaction is dated March 2, 2020.

The shares were acquired via Sparta 24 Ltd.

Let’s note that, in December 2019, Mr Gonen purchased an aggregate of 500,000 shares in Plus500 at an average price is £7.634 per share.

On August 19, 2019, Plus500 reported that it was notified that certain PDMRs have acquired shares of NIS 0.01 each in the company. The company said back then Alon Gonen acquired 468,469 shares (through Sparta 24 Ltd.) at £7.07 per share.

The brokerage has recently struck an upbeat note about its performance. In a trading update issued on February 28, 2020, Plus500 reported a significant increase in levels of customer trading activity. The Group’s financial performance during the first quarter to date is consequently trending substantially ahead of the last quarter of 2019, Plus500 said.

Read this next

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.”

Financewire

FBS Financial Market Analysts Forecast Gold Prices to Rise to $2,800

FBS, a leading global broker that has recently launched an upgraded FBS app, projects gold price surge to $2,800 per ounce by the close of 2024.

Market News

Adapting to Global Economic Shifts Japan’s Monetary Policy in Focus

Amidst the evolving landscape of global economics, Japan’s monetary policy stands as a testament to adaptability and strategic foresight. The Bank of Japan (BoJ) has embarked on a nuanced approach to maintain stability while navigating the complexities of a changing financial environment.

<