Why MarketAxess Holdings Crushed the Market Today
Investors were eager to access the shares of bond-trading facilitator MarketAxess Holdings (NASDAQ: MKTX) on Tuesday. Following the publication of its latest set of monthly metrics, those folks traded the stock up by more than 5%. That compared very favorably to the essentially flat performance of the benchmark S 500 index that day.
Well before market open, MarketAxess unveiled its trading statistics for November. Happily for the company and its investors, these featured many encouraging growth figures.
Among these was the all-important total credit average daily trading volume (ADV), which at more than $14 billion for the month was up a sturdy 9% on a year-over-year basis. It also set a new all-time high for the company. Within this, MarketAxess also notched a new high for municipal bond ADV; this came in at $601 million, or nearly 10% over the November 2022 level.
Source Fool.com
MarketAxess Holdings Stock
With 6 Buy predictions and 6 Sell predictions the community is currently undecided on MarketAxess Holdings.
With a target price of 221 € there is a slightly positive potential of 13.3% for MarketAxess Holdings compared to the current price of 195.05 €.
