By Stephen Grocer
Exelon Corp. is one of the largest, most powerful utilities in the world, typically worth some $30 billion. For a brief moment Thursday, the stock market said it was worthless.
Exelon was just one of a number of stocks that produced bizarre, and presumably garbled, market quotes during the “Flash Crash” of the afternoon.
Another was Boston Beer Company, producer of Samuel Adams. During that period, the company hit zero after opening at $59.44. It closed at $55.82.
Boston Beer and Exelon were hardly alone. Here’s a look at a few other companies that endured some of the most extreme swings in Wall Street history.
Accenture:
The consultancy opened at $41.94, hit zero at around 2:50 and then closed at $41.09.
Exelon:
The utility opened at $43.35, hit zero and then closed at $41.86.
CenterPoint Energy:
The utility opened at $14.39, hit zero and then closed at $13.88
TransMontaigne Partners:
The transportation company opened at $27.46, hit zero and then closed at $27.50.
Impax Laboratories:
Thespecialty pharmaceutical company opened at $18.48, hit zero and then closed at $17.78.
Sothey’s:
While the other companies on this list hit zero briefly, Sotheby’s went in the other direction. After opening at $34.61, its shares briefly touched $100,000 before closing at $33.
No comments:
Post a Comment