Support the fact-based journalism you rely on with a donation to Marketplace today. Give Now!
Final Note

NEST? The stock that jumped 1900%? Wrong Nest

Kai Ryssdal Jan 14, 2014
HTML EMBED:
COPY
Final Note

NEST? The stock that jumped 1900%? Wrong Nest

Kai Ryssdal Jan 14, 2014
HTML EMBED:
COPY

This final note in which we’re obliged to again caution investors to double check those ticker symbols before hitting the buy button.

Remember when Twitter went public and shares of a home entertainment company with the symbol TWTRQ went bananas.

It happened again today with the ticket symbol NEST, which is not the thermostat company Google spend $3.2 billion to buy.

NEST is in fact a penny stock — a bankrupt red-light traffic camera company, in point of fact.

But at one point today, shares were up 1,900 percent to $0.10. 

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.