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Googles share price at the bell yesterday was $341.43.
Apparently it was an error.
Nasdaq has revised their share price to $400.52.
Bet that caused a few shivers in Mountainview seeing their share price altitude plunge from it's $700 peak.
Nasdaq said the error was due to trades routed from another exchange and have cancelled some late trades below $400.52 and above $429.24.
Wouldn't want too many of those glitches would we? I did say I felt the tech sector
needed a correction though, and I don't think we've seen it fully revealed.
I guess there will be a few anxious moments when the market opens.
Odd things on Nasdaq. After the 'glitch' near closing Google was adjusted to $400.52 for closing, yet the price on opening today shows a closing price the previous day of $411.72. ???
They opened at $409.98.
I'd prefer less rubbery figures.
It appears investors would too. They finished the day at $390, down $21.23 (5.16%), unless of course you prefer the optimists view that their previous closing price was actually $400 then it doesn't look so bad. A little rubbery though.
19 Mar 2009
This post is from a series of posts in the group:
A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.