Shares of MF Global Holdings (NYSE:MF) were gapping down Friday morning with an open price 29.4% lower than Thursday's closing price. The stock closed at $1.43 yesterday and opened today's trading at $1.01.
NEW YORK ( TheStreet) -- Shares of MF Global Holdings (NYSE: MF) were gapping down Friday morning with an open price 29.4% lower than Thursday's closing price. The stock closed at $1.43 Thursday and opened today's trading at $1.01. The average volume for MF Global has been 4.7 million shares per day over the past 30 days. MF Global has a market cap of $280.3 million and is part of the financial sector and financial services industry. Shares are down 82.9% year to date as of the close of trading on Thursday. MF Global Holdings Ltd., together with its subsidiaries, operates as a broker of commodities and listed derivatives. It delivers trading and hedging solutions as a broker-dealer across various markets for futures and options, commodities, fixed income, equities, and foreign exchange. TheStreet Ratings rates MF Global as a sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full MF Global Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.