Zynga Trading Pauses Last Too Long Amid Facebook Difficulty
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Zynga Inc. shares, paused for a volatility circuit breaker that was supposed to last five minutes, failed to resume until about 50 minutes later. Another halt also lasted more than an hour.
The stock was paused at 11:37 a.m. New York time after dropping as much as 14 percent from yesterday’s close to $7.08. The circuit breaker is triggered when a company rises or falls 10 percent within five minutes. It resumed at 12:27 p.m. and was halted again two minutes later because of volatility. Trades commenced at 1:35 p.m.