Core Molding Trades Canceled After Two-Second Plunge
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About 200 trades in Core Molding Securities Inc. were canceled today after the stock plunged from above $4 to below a penny in two seconds after going untraded for the first 4 1/2 hours of the day.
The voided transactions took place between 2:19 p.m. and 2:20 p.m. New York time. NYSE Amex, the Nasdaq Stock Market and Nasdaq’s BX platform canceled all trades at or below $3.94 by about 3:30 p.m., according to statements on the exchanges’ websites. The stock closed yesterday at $4.21.