Citigroup Stock Trade That Triggered Curb Is Canceled
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A 17 percent plunge in Citigroup Inc. today triggered a five-minute trading pause, making the bank the second company halted by the two-week-old circuit-breaker program created to prevent market panics.
The order that caused the slump, 8,820 shares of Citigroup that crossed for $3.3174 at 1:03:51 p.m. in New York, was canceled, according to data compiled by Bloomberg. The stock changed hands for $3.80 when trading resumed, compared with yesterday’s close of $4, as U.S. stocks posted the biggest losses in three weeks.