Investment Technology Group (ITG) in Focus: Stock Falls 7.9%

Investment Technology Group Inc. ITG saw a big move last session, as the company's shares fell by nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for ITG, as the stock is now nearly 20% in the past one-month time frame.

This slump shouldn't be too much of a surprise to investors, as the Investment Brokerage firm's current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

ITG currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the Financial-Investment Brokers sector is Arlington Asset Investment Corp. AI, which currently carries a Zacks Rank #1 (Strong Buy).

Is ITG going up? Or down? Predict to see what others think: Up or Down

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