Procter & Gambles Mini Flash Crash
Procter & Gamble (Ticker Symbol: PG) stock dived 5 percent and then snapped back instantly on Friday August 30, 2013 — the stock took the dip on an errant trade, P&G’s director of investor relations said.
The Cincinnati-based manufacturer’s stock fell to a low of $73.61 at 12:11 p.m. Friday before it bounced back within that minute to about $77.50, where it was before the activity. On Tuesday morning, the stock sat at $77.89, and pre-market trading raised it 0.65 percent to $78.40 per share.
Procter & Gamble said the trades will stand — there is heightened sensitivity around trading glitches after last week’s Nasdaq halt and the “May 2010 Flash Crash,” which included shares of Procter & Gamble, a component of the Dow Jones Industrial Average.