IBKR - This Stock Is Up 50% But You Can Still Buy It
2023-07-27 08:10:00 ET
After hitting their lows in October last year, stocks have gone on a tear. The S&P 500 index is up more than 31% from its lows, while the tech-heavy Nasdaq Composite index has gained 48%. The recent rally in stocks has investors optimistic that a new bull market is just over the horizon.
Interactive Brokers (NASDAQ: IBKR) is one stock that has enjoyed considerable gains. The electronic trading platform thrived when competitors struggled to hold onto deposits, and the stock is up more than 50% from its 52-week low. Despite the recent run-up, Interactive Brokers remains an excellent stock you can buy today. Here's why.
Interactive Brokers provides investors with an electronic trading platform to buy and sell stocks, options, bonds, futures, and exchange-traded funds. This platform stands out because of its appeal to tech-savvy investors, and its automated trading platform offers some of the industry's lowest-cost trades.
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This Stock Is Up 50%, But You Can Still Buy It