Why MarketAxess Stock Raced Higher Today
MarketAxess Holdings (NASDAQ: MKTX) shareholders had good reason to launch their fireworks one day ahead of July 4. On Wednesday, their stock's price closed nearly 4% higher, a notably better performance than the 0.5% advance of the bellwether S 500 index. Investors liked what they saw with the company's latest set of operational metrics.
Just before market open, MarketAxess published its trading volume and transaction fee data for both the month of June and the second quarter.
For the latter period, the fixed-income securities trading platform operator saw average daily volume (ADV) grow by nearly 23% year over year to more than $34 billion. The company noted a particular leap in trading with U.S. government and other public-sector debt (such as municipal bonds); all told, the ADV of such titles rose 31% to $20.4 billion.
Source Fool.com
MarketAxess Holdings Stock
We see a rather positive sentiment for MarketAxess Holdings with 11 Buy predictions and 1 Sell predictions.
As a result the target price of 193 € shows a positive potential of 37.22% compared to the current price of 140.65 € for MarketAxess Holdings.
