Can anyone explain what’s happening here? I thought this stock was bankrupt, is this just a glitch? Can I actually sell this?

    https://i.redd.it/t4veawfkfv1d1.png

    Posted by abrasivecatnames

    10 Comments

    1. Filthy_Casual22 on

      This looks like Ally.

      They’re terrible at updating bids / asks, especially on options.

    2. Pretend_Table42 on

      I have no idea what is going on with this stock, but sometimes bankrupt companies come out of bankruptcy still alive, or there will be a payout to shareholders if anything is left.

      So it could have some value even though its in bankruptcy.

    3. Multiple delisted securities were represented in the same way today. First Republic showed a significant percentage increase on different screeners although chart representation wouldn’t follow due to its current state.

    4. elysiansaurus on

      Imagine buying at 2 cents in December and holding to 3.95. 20000% in 6 months

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