What To Know: The rumor stemmed from a Nov. 8 article issued by a news agency. However, on Thursday morning, it was announced that the rumor was false. Shares of Bill Holdings rose in response to the announcement, although the stock traded lower overall. Additionally, trading of the stock was halted and then resumed trading following Thursday's news.
The stock saw unusually high levels of volume as well. According to data from Benzinga Pro, the stock experienced above-average trading volume of 17.45 million shares compared to its average volume of 2.29 million.
Related Link: Robinhood's Mixed Bag: 3 Analysts Weigh In Following Q3 Earnings
BILL Price Action: Shares of BILL were down 9.27% at $56.43 at the time of publication, according to Benzinga Pro.
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