“Apple shares dropped sharply just a few minutes ago, falling a whopping 9.4% and hitting a low of $542.80,” Steven Russolillo reports for MarketWatch.
“Shares [were] currently halted after hitting a single-stock circuit breaker,” Russolillo reports. Looks like a fat-finger trade, but no conclusive evidence yet.”
Russolillo reports, “The stock was halted for five minutes from 10:57 a.m. Eastern Time to 10:52.”
MacDailyNews Take: “Wait a minute. Strike that. Reverse it.” – Willy Wonka
Russolillo reports, “CNBC is now reporting that Nasdaq is canceling the erroneous Apple trades made on the BATS exchange.”
Check out the chart in the full article here.
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]