Comment on Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading

• Hawk@lemmy.dbzer0.com ⁨8⁩ ⁨hours⁩ ago

  Yeah, it happens to prevent a mass sell-off because of speculation.

  Even if the news is positive, postponing is enough to make people speculate, so it’s a valid reason to halt trading.

  Although I doubt it’s gonna be positive news for shareholders.

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• Xotic56@lemmy.sdf.org ⁨8⁩ ⁨hours⁩ ago

  Yes because its all completely fabricated bullshit.

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• Kjell@lemmy.world ⁨8⁩ ⁨hours⁩ ago

  It happens sometimes. Usually it is when there are rumors that will have a significant impact on the stock. In that case the stock can be halted until the company gives a statement about it. I’m not sure if it is the company can halt it, I think they can request it and provide information why it should be halted and then it is up to the stock exchange to determine. And the stock exchange has its own rules for when to halt the trade.

  I expect Ubisoft to update during the next week or perhaps already during the weekend and then the trading can continue.

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