Infosys stock shock! Why did ADRs jump nearly 40% in minutes on NYSE? Explained
US-listed Infosys shares surged nearly 40% in minutes, briefly adding billions to its market value and triggering a NYSE trading halt due to extreme volatility. The rapid, unexplained rally, occurring during low liquidity, is being attributed to a potential short squeeze or a data error mislabeling the ticker.
US-listed Infosys shares surged nearly 40% in minutes, briefly adding billions to its market value and triggering a NYSE trading halt due to extreme volatility. The rapid, unexplained rally, occurring during low liquidity, is being attributed to a potential short squeeze or a data error mislabeling the ticker.
