FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

Exxon Mobil dragged down by $1.4B trade

*Saying publicly who sold this large block of shares could crash the whole damn market... this market is in trouble folks!!!>>> SMART MONEY KNOWS IT!!!...

Exxon Mobil dragged down by $1.4B trade
Tuesday, October 18, 2005 7:59:11 PM
http://www.afxpress.com

NEW YORK (AFX) -- Exxon Mobil shares fell as much as 4% Tuesday after a block grade of 24.5 million shares at $57 a share went through the market at about 1.00 p.m. Eastern Time. The trade, worth $1.4 billion, exceeded the stock's average daily volume of 19.6 million shares. By late afternoon, more than 61 million Exxon shares had changed hands. The stock was last down 3.9% at $56.55. The online edition of the Wall Street Journal said the trade came from the commodities trading desk at Goldman Sachs although there was no indication of who the seller was

This story was supplied by MarketWatch. For further information see www.marketwatch.com

For more information and to contact AFX: www.afxnews.com and www.afxpress.com


LINK: http://futures.fxstreet.com/Futures/news/afx/singleNew.asp?menu=economicnews&pv_noticia=11296655...