Napster

[jwhite1098]

Hi,

I had a open buy trade on napster group plc with spread betting, with my stop at 0.2688. Today napster went off the charts and gained 72,000%, but my trade closed? When looking back on the charts, the price never went below 0.32 yesterday but my trade still closed? In the last few weeks it went lower than 0.32 and my trade never hit stop loss, can someone explain to me why it closed?

Many thanks

[AndaIG]

Hi @jwhite

Napster Group PLC had a 0.0013:1 stock consolidation today. It appears the price fell to 0.0498 on the back of that which would have triggered your stop. To learn more about consolidations please see the following link: https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/market-details/what-happens-to-my-shares-position-if-the-company-performs-a-sto

All the best, 

Anda