Nasdaq CEO Greifeld Wrings Stock Gain as Traders Shudder
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Nasdaq OMX Group Inc. Chief Executive Officer Robert Greifeld’s week included the worst computer-related shutdown of American markets in 30 years and a gain in shares of his own company.
Nasdaq stock climbed 0.1 percent over the five days, including 1.2 percent yesterday that reduced the 3.4 percent loss suffered when Greifeld froze trading in thousands of securities for three hours, a decline he said was a buying opportunity. A day before the malfunction, Raymond James Financial Inc. analyst Patrick O’Shaughnessy raised Nasdaq to a “strong buy.”