'Pile of garbage': Wirecard's stock is so toxic after its 2 billion accounting scandal that even the highly speculative world of day-trading is shying away
Get the Full StoryGerman fintech Wirecard filed for insolvency in June following a 2 billion scandal, which saw its former chief executive Markus Braun get arrested and resign.Wire card's share price tanked 97 from 117 to just under 4 in less than three weeks.
But even as it slumps, the stock is too toxic for the highly speculative world of day-trading.
Business insider spoke to 5 Robinhood traders to gauge their buying interest in the battered stock.
But Robinhood day-traders are mostly unmoved by Wirecard's price crash, with most of them saying they will avoid investing in the stock.
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Alongside the coronavirus driven plunge in stocks in March, perhaps the biggest market story of 2020 has been the rise of an army of day-traders pouring into stocks.
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