Tajuk : Amazon stock flash crashes and then quickly recovers
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Amazon stock flash crashes and then quickly recovers
Amazon’s stock dropped sharply and suddenly in a mini-flash crash on Friday during a broader downturn in tech stocks.
The online giant’s stock tanked and then quickly came back all within the minute of 2:50 p.m, according to Bloomberg data. Here’s a second-by-second rundown:
- 2:50:01 p.m.: $960.55 per share
- 2:50:02 p.m.: $930.00 per share
- 2:50:03 p.m.: $953.07 per share
- 2:50:03.5 p.m.: $927.00 per share
- 2:50:04 p.m.: $959.27 per share
Most speculation by commentators is that the flash crash was either a so-called “fat finger” trade or an automated trade, but either way it’s pretty wild.
Yes, in the grand scheme of things, it’s not a huge move for a stock that recently cracked $1,000 per share, but oscillating by almost $35 per share in the space of 3 seconds is quite a move no matter what the stock is.
Check it out via Markets Insider:
Markets Insider
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
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