Galaxy Digital (TSE:GLXY) Trading 10.4% Higher - Here's What Happened

Galaxy Digital Holdings Ltd. (TSE:GLXY - Get Free Report)'s share price was up 10.4% during mid-day trading on Tuesday . The company traded as high as C$15.05 and last traded at C$13.62. Approximately 1,485,538 shares were traded during mid-day trading, an increase of 30% from the average daily volume of 1,146,422 shares. The stock had previously closed at C$12.34.Get Galaxy Digital alerts:Galaxy Digital Price PerformanceThe company's fifty day simple moving average is C$21.45 and its 200-day simple moving average is C$22.62. The firm has a market capitalization of C$3.14 billion, a PE ratio of 1.10 and a beta of 3.17. About Galaxy Digital (Get Free Report)Galaxy Digital Holdings Ltd. engages in the digital asset and blockchain businesses. It operates through three segments: Global Markets, Asset Management, and Digital Infrastructure Solutions. The company provides various financial products and services to individuals and institutions, such as digital asset trading, derivatives, structured products, financing, capital markets, and merger and acquisition services, digital asset spot and derivatives trading, bespoke lending and structured products.See AlsoFive stocks we like better than Galaxy DigitalWhat Does a Gap Up Mean in Stocks? How to Play the GapTariff-Proof Stocks: 3 Big Bargains With Huge Upside PotentialWhy Invest in 5G? How to Invest in 5G Stocks Qualcomm Breaks Down But RSI Signals It’s Severely OversoldElection Stocks: How Elections Affect the Stock MarketTesla’s #1 Bull Cuts Target But Says It’s Still a BuyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Galaxy Digital Right Now?Before you consider Galaxy Digital, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Galaxy Digital wasn't on the list.While Galaxy Digital currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here