Nasdaq looking into Google transactions
By John Letzing
Last update: 4:52 p.m. EDT Sept. 30, 2008
SAN FRANCISCO (MarketWatch) -- The Nasdaq Stock Market said late Tuesday it is "investigating potentially erroneous transactions" involving shares of Google Inc. The Nasdaq said the transactions in question occurred after 3:57pm EST, but offered no further details. Market data reflected a sharp slide in Google shares near the close of trading, on a day when many technology shares saw gains. End of Story
Nasdaq cancels certain trades on Google shares
By Dan Gallagher
Last update: 5:24 p.m. EDT Sept. 30, 2008
SAN FRANCISCO (MarketWatch) -- Nasdaq said Tuesday afternoon that it has cancelled certain trades made on shares of Google Inc. minutes before the closing bell Tuesday. In a statement, the exchange said it will cancel all trades on the stock at or above $425.29 and at or below $400.52 that were executed between 3:57 and 4:02 Eastern. The exchange also said it will be adjusting the Nasdaq Official Closing Cross (NOCP) and all trades executed in the cross to $400.52. The decision came after data late in the trading session seemed to indicate that shares of Google - which were trading up about 8% for most of the session - fell between 10-16% in the final minutes before the closing bell. The statement from Nasdaq did not gie a reason for the other trades. End of Story
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