Early in the development in the model, we noticed a unique stock pattern. We found a stock, $WLL, that had increased in price overnight by an extremely high percentage. As we looked into the matter, we saw that the company had exited Bankruptcy Court protection and the stock started to trade again under the same ticker symbol. To avoid having the model evaluate this extraordinary price move, we decided to remove the ticker for a year after reorganization.
We recently ran a job for a client and found a second ticker, FTSI. After that, we looked at about 50 companies that have either entered Chapter 11, or have emerged from bankruptcy and looked for other candidates for removal. We found PG&E Corporation, which exited Chapter 11 on July 1, 2020. The stock still trades under the same ticker symbol $PCG, and will be removed from our ticker list pulls.
If you know of other stocks which have retained the same ticker, and have started to trade on one of our supported exchanges, please let us know.
What we found was that most of the companies have moved to a status of 'private' and are no longer traded. Others moved to the OTC market, or even the pink sheets/OTC, and those will not be analyzed. One stock disappeared as the company was acquired. And a few stocks appear as new stock tickers (and they won't pass the 1-year continuous trading validation).
Thank you for your support.
Jeffrey Cohen, President, US Advanced Computing Infrastructure, Inc.
Strategic IT Management Consultant with a strong interest in Quantum Computing. Consulting for 29 years and this looks as interesting as cloud computing was in 2010.