Real-Time Alerts: Sell Virtu Financial (VIRT)

09/29/17 10:36AM EDT

Hedgeye CEO Keith McCullough's Real-Time Alerts features buy, sell and cover stock and ETF signals selected from among our analyst's best stock ideas. Click here to learn more about Real-Time Alerts.

Real-Time Alerts: Sell Virtu Financial (VIRT) - virt image rta

Virtu Financial (VIRT) is one of our Financials team's favorite short ideas. On Wednesday, Hedgeye CEO Keith McCullough issued a "sell signal" to Real-Time Alerts subscribers on the company. "Do you want to be short of The Old Wall? Oh do we have a selling opportunity for you," McCullough wrote about Virtu.

Here's some insight from our Financials analyst Jonathan Casteleyn:

"We are adding shares of Virtu (VIRT) to our Best Ideas list as a Short and are concerned that a secular shift of the market structure landscape and also a depressed volatility regime will lower the baseline of earnings and also valuation for market makers."

CLICK HERE to read more about Casteleyn's Virtu short call.

(McCullough issued a sell signal in Real-Time Alerts, on 9/27. The stock is down more than -2% since then.)

Real-Time Alerts: Sell Virtu Financial (VIRT) - real time alerts

© 2020 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.