Shares of Knight Capital Group Inc. (NYSE: KCG) are
seeing a huge rally in trading today after the Jersey City, New Jersey-based
company announced its fourth-quarter financial results. The company’s
consolidated revenue for the fourth quarter rose 32% on a year-over-year basis
to $341.3 million.
Knight Capital shares rose to an intra-day high of
$13.20 in trading today, and at last check, the stock was up more than 11% on
above average volume. The rally has pushed Knight Capital shares above their
50-day and 200-day moving averages.
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