It's Time to Get Back in NYSE Euronext Inc. (NYX)
NYSE Euronext Inc. shares rose Tuesday after the company said trading increased on its New York Stock Exchange and Paris-based Euronext in June.
The company said the Euronext exchange hosted 27.1 million trades during the month, up 36.3 percent from last year. An average of 2.9 billion shares were traded each day on the NYSE, up 8.9 percent from June 2006.
The stock gained $2.56, or 3.3 percent, to $79.06 in afternoon trading.
Banc of America analyst Christopher Allen said the European results were strong, but the U.S. figures were a "mixed bag" because compared to May, NYSE hosted greater trading of its own stocks and a smaller proportion of Nasdaq Stock Market-listed stocks.
The company said the Euronext exchange hosted 27.1 million trades during the month, up 36.3 percent from last year. An average of 2.9 billion shares were traded each day on the NYSE, up 8.9 percent from June 2006.
The stock gained $2.56, or 3.3 percent, to $79.06 in afternoon trading.
Banc of America analyst Christopher Allen said the European results were strong, but the U.S. figures were a "mixed bag" because compared to May, NYSE hosted greater trading of its own stocks and a smaller proportion of Nasdaq Stock Market-listed stocks.
Labels: NYSE Euronext Inc, NYX
posted by Stock Administrator @ 2:54 PM
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