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by Daniel_sk 1987 days ago
Stock with ticker SIGL surged 6000% on Jan 11 - investors thought it's the Signal Messenger. Same like the wrong Zoom company.
2 comments
corford 1987 days 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-faceb...
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nilsbunger 1987 days ago
Really undercuts the argument for the efficient market, at least in the short term!
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andrepd 1986 days ago
I feel the entire history of capitalism undercuts that argument!
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bt1a 1987 days ago
What's even more wild is that the executives/directors didn't sell any of their stock on the massive increase.
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lazyasciiart 1987 days ago
Quite 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.
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