Google Shares Tumble 3.1% in Possible ‘Fat Finger’ Trade
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Google Inc. dropped as much as 3.1 percent and then reversed most of the tumble within a second in a series of transactions that spurred concern the stock was hit by a computerized-trading error.
Google slid as low as $775 in two trades totaling 210 shares at 9:37 a.m. New York time and then recovered most of the loss within the same second, according to data compiled by Bloomberg. The stock had opened the session with a gain, climbing to as high as $803.96. It closed up 24 cents at $800.11 at 4 p.m. in New York.