Pivotal Systems Corporation (ASX: PVS) has announced a trading halt
Pivotal Systems Corporation (ASX: PVS) has announced a trading halt.
There are a few reasons why a stock would go into a trading halt. It is generally ahead of a news announcement.
Pivotal Systems Corporation has requested the trading halt pending an announcement by the Company with respect to a proposed capital raising by way of accelerated non-renounceable entitlement offer.
Trading halts are typically enacted in anticipation of a news announcement, to correct an order imbalance, as a result of a technical glitch or due to regulatory concerns.
Halts may also be triggered by severe down moves, in what are called circuit breakers or curbs.
The trading halt will remain in place until normal trading commences on February 7, 2022 or when the company announcement is made.
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