Blackrock just bought shares from Plus500

Retail broker Plus500 has been getting a lot of attention lately. London Stock Exchange received a standard form for notification of major holdings from asset manager Blackrock on Tuesday. The form stated that BlackRock would now be the holder of Pluss500’s 7.02 percent of shares. 4.85 percent of that 7.02 percent will be registered as shares and the rest which amounts to 2.17 percent will be requested through other means of financial instruments, this was the desire of the asset manager.

But this newfound popularity of Plus500 has many asking the the question of why. why did investors trust Plus500 so much even though its been going downhill? After some thinking, you will be able to come to a conclusion very easily. What would you do as an investor when a stock’s price goes down? would you sell? no, you will buy of course! Plus500 basically tripped over a rock and fell face first on the ground when its shares crumbled more than 20% in August, However it looked like the founders were not satisfied with the drop and decided to sell more than 8 percent of their company’s shares with hopes to bringing it back to life, but unfortunately made its shares drop even more. As of today, the share prices have dropped nearly 25%.

76.4% of retail CFD accounts lose money

Unfortunately when founders get overambitious and basically overdo it by selling shares, they sometimes just lose controls of their companies, We just hope that not too many shares were sold that the current CEO will be ousted from his position by a new shareholder. We do not know what to say about the road ahead for Plus500, the only thing we can say that the new shareholders that it has received will be a benefit to its development and hopeful revival.

Even though the first six months of 2018 were an amazing success for the company, some people are saying that Plus500 given all it has to give, well we like to say that it has run out of all the negativity to give and is still operational which many companies fail to do after a flop. The critics also mention the fact that spike of their shares was created by the boom that cryptocurrencies had at that time, but as we all know cryptos are the most unpredictable things to trade with, therefore there might be another spike coming for Plus500.