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Plus500 Share Price Falls, Despite ‘Outstanding Trading’. Here’s Why

Plus 500 logo office September 2020
Nigel F

Shares of Plus500 LTD (LON: PLUS) fell around 2% on Wednesday, most likely on profit-taking activities from investors. Plus500 share price initially opened at the 4-week high at 1515p after the online broker reported “outstanding trading” activity.

“The board remains very confident about the outlook for Plus500, particularly given the company’s outstanding performance so far this year,” the company said in a statement.

Online trading brokers have enjoyed a great year so far as the pandemic brought enormous volatility to markets.

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Last month, Plus500 surprised the investing community by unveiling a buyback program. In a similar fashion, the firm reported an “outstanding performance” in the first half of the year.

“Plus500 delivered an outstanding performance during the first half of the year, driven by the strength and differentiation of our proprietary technology, which enabled our business and our customers to benefit from the unprecedented market volatility and event-driven market conditions experienced during the period”, chief executive David Zruia said in the results statement.

Plus500 stock price tumbled 4% after suspending interim dividend September 2020

Plus500 share price is trading around 2% lower in London today, but still close to the all-time highs at 1572p.

Nigel F
Nigel F
Team Member

Nigels tiefes Verständnis der Finanzmärkte basiert auf über 10 Jahren Erfahrung. Nigel wurde bisher zweimal von der FCA (Financial Conduct Authority) autorisiert und hat in der letzten Zeit eine Finanz-Brokerage Firma besessen und verkauft. Er liefert hochaktuelle Analysen und Einsichten in die Finanzmärkte und in die allgemeine Wirtschafts- und Währungspolitik des Vereinigten Königreichs, der USA, Europas und Asiens.