NYSE had to halt the stock b/c of FDIC actions and gave it a T2? NYSE caught off guard with the FDIC actions. The whole thing is fishy
This is a T2 halt, your suppost to have a T1 halt first, release the news, and it some cases have a T2 which allows everyone some time to digest the news. The thing is we didn't have a T1 halt before the news was release and now are halted on a T2?
As mentioned, the symbol that you have likely run into if a stock of yours has been halted is "T1". "T1" means that a stock has been halted due to pending news.
When a stock has released that news and is still halted, then the symbol gets changed to a "T2", which means that the stock is still halted but the news has now been disseminated. This is done to allow the market and market participants to digest the news and plan accordingly.
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