What's Happening At FXCM?

FXCM Inc (NYSE: FXCM) stock tripled between December 11 and December 28. On Monday, shares rose as high as 40 percent from the previous week's close.

The stock, which has a moderate but not overly high 8 percent of its float short, last hit the $15 range in June (by split-adjusted prices).

Of note, shares booked a similarly impressive one-day gain of 50 percent on December 14, shortly after FXCM reaffirmed its $130 million buyback program and said it was still "committed" to restructuring its bailout agreement with Leucadia National Corp (NYSE: LUK).

A few days later, FXCM Director Ryan Silverman bought 21,000 shares.

Leucadia has reportedly made back three-times its initial assistance program made to FXCM in January after the company struggled with liquidity in the face of a surprise move by the Swiss franc.

FXCM did not immediately respond to a request for comment.