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Stock with a very high day range
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w00519773
Posts: 222 Forumite

I was looking at this stock today: Oi S.A. (OIBZQ) Stock Historical Prices & Data - Yahoo Finance. It is telling me that the price changed by17,999,901.56% yesterday! What has happened here? I understand the concept of speculating, however someone will of bought the share at the day low and someone will of bought the share at the day high. Is that right? Is this likely to be just a data quality issue?
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w00519773 said:I was looking at this stock today: Oi S.A. (OIBZQ) Stock Historical Prices & Data - Yahoo Finance. It is telling me that the price changed by17,999,901.56% yesterday! What has happened here? I understand the concept of speculating, however someone will of bought the share at the day low and someone will of bought the share at the day high. Is that right? Is this likely to be just a data quality issue?
Looking at the OTC markets' website it indeed looks like a bankrupt dud. The trade that created the tiny fraction of a (US) penny price was just 1,665 shares. Net-net, it's totally meaningless.
https://www.otcmarkets.com/stock/OIBZQ/overview1
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