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July 31, 2006
NASDAQ Error Sends Google's Stock Price Down To $38
The New York Sun reports that on Thursday, during after hours trading, Google's stock price fell accidentally by $350 to about $38, due to some glitch. Reportedly, "someone from a Nasdaq member firm punched in an erroneous figure to commence a trade," which caused the error. Thursday, between 4:10 p.m. and 4:12 p.m., prices for Google stock were as low as $38. At 5:01 p.m. NASDAQ disclosed their decision to "cancel all after-hours trades in Google that were at or below $352.07." So for those of you that thought you made it big, I am sorry. And for those that you that thought you lost your shirts, I am happy for you.
Posted by Barry Schwartz on July 31, 2006 10:35 AM
