SNEX is trading 4.1% down at $131.68 as shares pull back from overbought levels following a sharp multi-week rally toward new 52-week highs. - StoneX Financial, a subsidiary of StoneX Group, launched a new Financial Institutions Group research practice, expanding equity research coverage to regional and community banks. - The price action also appears influenced by profit-taking after the stock recently traded near the $141 level.