Nasdaq cancels certain trades on Google shares
5:24p ET September 30, 2008 (MarketWatch)
SAN FRANCISCO (MarketWatch) -- Nasdaq said Tuesday afternoon that it
has cancelled certain trades made on shares of Google Inc. minutes
before the closing bell Tuesday. In a statement, the exchange said it
will cancel all trades on the stock at or above $425.29 and at or
below $400.52 that were executed between 3:57 and 4:02 Eastern. The
exchange also said it will be adjusting the Nasdaq Official Closing
Cross (NOCP) and all trades executed in the cross to $400.52. The
decision came after data late in the trading session seemed to
indicate that shares of Google - which were trading up about 8% for
most of the session - fell between 10-16% in the final minutes before
the closing bell. The statement from Nasdaq did not gie a reason for
the other trades.