NYSE Arca Equities has ruled to bust all erroneous trades in CDW (CDW) executed on NYSE Arca Equities between 04:00:00 and 04:22:00 ET today, at or below $162.85. The ruling is not eligible for appeal. Shares of CDW traded for less than $7, or 96% below Wednesday's closing price of $173.25, driven by investors who bungled the company's ticker and mistook it for newly public alternative asset manager CaliberCos (CWD), according to Bloomberg. CDW shares ae little changed now at $174.04 while CaliberCos is up 23% to $7.39.
"... investors who bungled the company's ticker..."
Since when did we start protecting investors who bungle and what exactly qualifies as bungling?
"... investors who bungled the company's ticker..."
Since when did we start protecting investors who bungle and what exactly qualifies as bungling?