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May 12, 2020 at 7:08 comment added Debu Shinobi @jamesqf That certainly is the case in general (truth is I don't know much about how these thing works, I'm still learning). BTW thanks for a generalized comment.
May 12, 2020 at 7:04 history edited Debu Shinobi CC BY-SA 4.0
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May 12, 2020 at 4:03 comment added jamesqf @nanoman's answer addresses this particular case, but in general, wouldn't something like this be a simple case of supply and demand? That is, the people holding the stock don't want to sell at the current price, but people want to buy - perhaps because they think the company is going to become the next Apple or Tesla. Therefore the people who want to buy offer much more than the last traded price to entice a few current holders to sell, which raises the price of the stock, which in turn encourages holders to hold out for more money.
May 11, 2020 at 18:51 vote accept Debu Shinobi
May 11, 2020 at 17:41 answer added nanoman timeline score: 0
May 11, 2020 at 17:32 review Close votes
May 13, 2020 at 21:45
May 11, 2020 at 17:19 history edited Dheer
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May 11, 2020 at 17:18 comment added Dheer There was a take over, the stocks were merged and relisted in January, this is perceived as good and reflects in increasing share price... google.com/amp/s/wap.business-standard.com/article-amp/markets/…
May 11, 2020 at 17:03 history edited Debu Shinobi CC BY-SA 4.0
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May 11, 2020 at 16:59 comment added D Stanley It's impossible to know without knowing the company. Could be reverse splits, an invention, winning a lawsuit, etc.
May 11, 2020 at 16:47 history asked Debu Shinobi CC BY-SA 4.0