“A single trade in Apple Inc. shares far below where the stock had previously been priced on Wednesday was canceled, said a spokesperson at the exchange where it was generated,” Rodrigo Campos and Chuck Mikolajczak report for Reuters.
“One trade of 100 shares was executed at $321.87, more than 7.5 percent below Tuesday’s close, before being busted by the BATS exchange,” Campos and Mikolajczak report. “‘The trade was busted under BATS clearly erroneous trade policy,’ a spokesperson for the exchange said in an email.”
Campos and Mikolajczak report, “Apple shares closed up 0.4 percent for the day at $349.57.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Vague Nomenclature” for the heads up.]