Financial Accuracy

The trading of shares from the company formerly known as General Motors, Motor Liquidators, has been officially halted by FINRA, the industry’s self regulatory body. The trading was halted due to unstable trading and short selling that continued to take place, even though the company was just coming out of bankruptcy. The price of the shares surged up to 39% on Friday. 

Many investors have been benefitting lately from the up and down market in the auto industry. They buy low and sell high, very quickly for a quick buck. It hasn’t been all that bad for those investors until now. They can’t buy more, can’t sell what they have, and some don’t know what they will do with their shares. Many investors thought that they were buying into the new GM that recently came out of bankruptcy, but they were really buying into the semi-dead GMGMQ.

Many investors, however, steered clear of GMGMQ and knew that the companies shares would not bring them any profit. MAny have been saying that the trading should have been halted weeks ago.