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Stock Market & Financial Investment News

News Breaks
July 22, 2014
14:35 EDTITGPhiladelphia Financial reports 6.3% stake in ITG, seeks CEO change or sale
Philadelphia Financial acquired their shares of Common Stock based upon their view that the stock is trading below its intrinsic value due to inappropriate management of the company by its current CEO. Philadelphia Financial seeks to influence the board of directors of the company to change the CEO and or to sell the company to another company thereby achieving gains in Common Stock of the company for the current shareholders. The actions of Philadelphia Financial are based upon a detailed and complex analysis of the company, its operations, financial results, competitive environment, the general economic environment in which it operates, securities markets in general and the market for the company’s securities in particular as well as other factors. Accordingly, Philadelphia Financial reserves the right to change its intentions and develop new or different proposals at any time as it deems appropriate.
News For ITG From The Last 14 Days
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January 29, 2015
08:06 EDTITGITG reports Q4 EPS 36c, consensus 38c
Reports Q4 revenue $149M, consensus $149.79M. Reports Q4 average daily trading volume in the U.S. of 190M shares versus 148M shares in 4Q13. POSIT average daily U.S. volume was 90M shares compared to 63M shares in 4Q13. Total average daily volume traded through POSIT Alert was 16M shares compared to 14M in 4Q13.

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