NYSE Arca Expands Amounts Stock Prices Can Move When Reopening
- Price levels were widened for opening auctions in September
- Exchange will announce date for system change in later update
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NYSE Arca, the New York Stock Exchange’s sister market, widened the amount prices are able to move when a security reopens after a trading halt.
Under the exchange’s new rule, securities valued at 1 cent to $25 a share can rise or fall 10 percent from their prior level. Securities between $25.01 and $50 can move 5 percent, and those valued at more than $50 can move 3 percent. Previously, those thresholds were 5 percent, 2 percent and 1 percent, respectively.