Just minutes before it was set to deliver its financial results for the first half of its 2025-26 fiscal year, Ubisoft mashed the brakes on the whole thing, postponing the release of its results to an unspecified future date. The company also requested that European exchange Euronext halt trading of the company’s shares and bonds from November 14 until the publication of its results.
I’ve never heard of this happening before? I’m sure it has, but first time for me.
Same. Companies can just halt trading of their stock?
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.
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.
Yes because its all completely fabricated bullshit.
Pretty much a scam.
Oh it has, but the implications become clear when you look at the ones that did. Like evergrand…