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Stock with ticker SIGL surged 6000% on Jan 11 - investors thought it's the Signal Messenger. Same like the wrong Zoom company.
by Daniel_sk 6y ago
Stock with ticker SIGL surged 6000% on Jan 11 - investors thought it's the Signal Messenger. Same like the wrong Zoom company.
- corford 6y ago"Its market value surged from about $US55 million to over $US6 billion [...]" Pretty bonkers: https://www.abc.net.au/news/2021-01-16/signal-telegram-facebook-whatsapp-privacy/13062920 https://www.abc.net.au/news/2021-01-16/signal-telegram-faceb...
- nilsbunger 6y agoReally undercuts the argument for the efficient market, at least in the short term!
- andrepd 6y agoI feel the entire history of capitalism undercuts that argument!
- bt1a 6y agoWhat's even more wild is that the executives/directors didn't sell any of their stock on the massive increase.
- lazyasciiart 6y agoQuite likely they aren't allowed to sell whenever they want, they may be subject to an open trading window, or a fixed sell-down plan over the year.