Why Interactive Brokers Stock Popped 18.5% In April
Shares of Interactive Brokers (NASDAQ: IBKR) popped 18.5% in April, according to data from S&P Global Market Intelligence. The global stock brokerage and trading platform posted earnings in the month and is benefiting from a strong rebound in stock trading after the late March and early April panic among equity traders. The company is gaining a ton of market share by acquiring new brokerage customers, and is up 367% in the last five years.
Here's why Interactive Brokers' stock was rising in April, and whether you should get in on the action right now.
Interactive Brokers is a platform that lets you trade stocks, options, bonds, cryptocurrencies, and other financial assets. Unlike other brokerages, it allows users worldwide to trade assets from around the world, including the recently added South Korean market. This differentiation has enabled the business to gain tremendous market share over the last few years.
Source Fool.com
