Nanex Research

Nanex ~ 08-Jul-2013 ~ NYSE LRP Saves The Day (Again and Again)

On July 8, 2013, the stock of The Jones Group Inc (symbol JNY, market cap $1.6 Billion) shot from $14.75 to $17 in 3 seconds, then dropped back substantially a few seconds later. Trading slowed at the NYSE when their circuit breaker, known as LRP, was triggered. We've covered this recently here, and again here.


       


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