Hi all, i today opened a stocks and shares ISA with HL and bought the stock $SYPR. It’s closing price was $2.08 but the buy price is $2.15. I appreciate there is a spread, but on the app it is now saying the sell price is $1.66. If you check the ticker it closed at $2.08.
Is this some kind of error? I know there is a spread but a spread of $0.49 per share for a stock that is only worth $2.08 per share seems unreasonable and if I had of known this I wouldn’t have bought the stock - I can only assume it’s some sort of error. I am aware of the dealing fee but this is not related to that.
Can someone explain the situation or has anyone encountered something similar?
Might I add, for other stocks I have bought the spread is nowhere near as big, it is mainly $0.01 - $0.05 per share for stocks of a similar value
[link] [comments] https://www.reddit.com/r/stocks/comments/12e0lhe/hargreaves_lansdown_uk_investors/
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