Plus500, of contracts for differences (CFDs), announced this Wednesday through the news service of the London Stock Exchange that it has purchased more than 16 thousand of its own ordinary shares.
The latest batch of shares was purchased on the 19th of May 2020, in which the broker purchased 16,274 of its ordinary shares, each through Credit Suisse Securities (Europe) Limited.
Overall, the volume weighted average price paid per share was £13.44. Therefore, Plus500 paid around £218,722.56 for the shares. The lowest price paid per share was £13.26 and the highest price paid per share was £13.57.
Plus500 shares rally
Over Friday and the weekend, Plus500’s share price surged, rising from £12.66 on Friday, the 15th of May, and reaching £13.64 this Wednesday at 08:12 (GMT+1), having peaked at £13.77 on Tuesday, which is the strongest share price achieved by the broker in over a year.
In particular, on the 18th of May 2020, Plus500 bought 22,500 of its ordinary shares, at a volume weighted average price of £13.12 per share, contributing to an overall price of £295,200.
Overall, Plus500’s share price has had consistent upward momentum since the 16th of March 2020. The beginning of this rise coincided with the London listed broker revealing that it was benefiting from in a trading update, which it published on March 16.
As, it has continued to see a significantly increased level of customer trading activity since its last trading update.
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