Insider Trading Report: FinTech Acquisition Group V (FTCV)

Luxor Capital Group, a major owner of FinTech Acquisition Group V (FTCV), recently added to their stake with a 63,904 share buy. The buy increased the firm’s stake by 1.8 percent and came to a total price of $761,000.

  • Special: See What One Ticker... One Trade... EVERY WEEK...Can Do for YOU
  • That follows on a number of other buys in the month of June, adding nearly 500,000 shares in total by the fund. One other major holder has also been a buyer since the company went public, with no insider sales.

    FinTech Acquisition Group V is a SPAC, or special purpose acquisition company. It’s currently planning on buying eToro, a stock and cryptocurrency brokerage company.

    SPAC companies go public at $10 per share, then can vary depending on how a perceived merger is going. With shares around $12 and insiders buying, there’s some indication that the deal is going through and will be a reasonable one for investors.

    Action to take: Investors may like shares, although once the deal is completed, the company will become eToro and trade based on how eToro’s business goes.

  • Special: $1,300 into $45,000 in just 4 MONTHS?!
  • Given the rising number of cryptocurrency investors and a crypto price market that has been trading flat for several weeks but could potentially move higher, shares look poised to move higher. Traders may like the November $15 calls. Last going for about $0.90, the calls can offer high double to low-triple-digit growth on a rally in shares.


    Disclosure: The author of this article has no position in the company mentioned here, but may make a trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

    [wp-post-author image-layout="round"]