Read more
XTB Online Trading

Wirecard explodes at the open!

9:11 AM 29 June 2020

Wirecard stock (WDI.DE) literally explodes at the open on Monday after the company said during the weekend it still plans to continue operations despite filling for insolvency. At one point the stock was nearly 300% up from a Friday low. To recall, Wirecard is the German payments fintech company that mysteriously lost 1.9 billion euros. Ex-CEO has been arrested and the stock plummeted more than 95% within 2 weeks on fraud concerns. A case of Hertz (HTZ.US) reminds that stocks in insolvency can witness extreme volatility.    

Share:
Back

Market News

20.06.2025
18:44

Daily summary: Wall Street erases all early-trading gains, euro's strength continues (20.06.2025)

Wall Street indices turned negative after the Wall Street Journal published a report on plans to tighten U.S. export regulations for semiconductor...

 18:24

🍫 COCOA dips 6%

Cocoa futures are down nearly 6% today, hitting a two-month low. Once again, the cause of the panic sell-off and spike in volatility is the forecast of...

 17:59

Fed's Barkin comments on US economy 🏛️

Fed member, Thomas Barkin commented today the situation in the US economy and businesses. Here is the breakdown from his remarks. His comments are more...
More news

Join over 1 600 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits