Stock Times

The newspaper for Stock Tokens on Robinhood Chain.

Trading Desk · PL, HPE, CLOV

Wide spreads hit Planet Labs, HP Enterprise, Clover tokens

Bid-ask gaps above 100 percent signal acute liquidity stress across three Robinhood Chain stock tokens.

Planet Labs token shows a bid of 16.16 and an ask of 75, a spread of 129.1 percent and the widest gap in the group. HP Enterprise token quotes 19.01 bid against 63.79 ask, a 108.2 percent spread. Clover Health token sits at 2.50 bid and 7.85 ask, a 103.4 percent gap.

For holders of these tokens, the spreads mean a buyer paying ask would need prices to more than double before breaking even at the bid. The gaps also make position exits costly at current quotes.

All three carry the note: unusually wide bid-ask spread. No headline news accompanies the anomalies, leaving the cause unclear.