Trading halts are done automatically by the exchanges anytime any stock falls by a certain amount within a certain time frame. It’s meant to interrupt automatic, algorithmic high frequency trading from a runaway out of control feedback loop - think of it like muting the microphone when the speakers start making that high pitched feedback screech. Give it time. If there’s any justice left in the world it will be a penny stock by the new year.
Trading halts are done automatically by the exchanges anytime any stock falls by a certain amount within a certain time frame. It’s meant to interrupt automatic, algorithmic high frequency trading from a runaway out of control feedback loop - think of it like muting the microphone when the speakers start making that high pitched feedback screech. Give it time. If there’s any justice left in the world it will be a penny stock by the new year.