Citadel Securities
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Citadel Securities has a 5.5% stake in Silvergate Capital
It is reported that the stock price of Silvergate Capital soared after the market maker giant Citadel Securities reported that it had held 5.5% of the shares of Silvergate Capital. Citadel holds 1.7 million shares of Silvergate Capital, valued at more than $25 million at Monday’s closing price. Interpretation of this information: The recent surge in the stock price of Silvergate Capital has been attributed to the revelation that Citadel Securities, a major market maker, owns a significant stake in the company. Citadel’s ownership of 1.7 million shares, worth over…
