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Google glitch on Nasdaq causes a quake in Mountainview

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.


Comments: (2)

A Finextra member
A Finextra member 02 October, 2008, 15:15Be the first to give this comment the thumbs up 0 likes

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.

A Finextra member
A Finextra member 03 October, 2008, 01:42Be the first to give this comment the thumbs up 0 likes

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.

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