Suspect market mysteries...

marsman · Jun 13, 2016

The stock ticker NUS on last Friday (2016-06-10) in extended hours trading had a last price of 44.17 (trade timestamp: Jun 10, 5:14PM EDT).
That was also shown throughout the weekend in the quotes.
But today, now, about 3.5 hours before market open, that above price suddenly disapperead from the tape and instead a price of 41.38 is shown.
I find this highly mysterious and suspect.
So, what happened to the above after hours price of 44.17?

In case you ask: yes, this has to do with options as at weekend I had analysed some option trades to execute based on the last price of 44.17.
But now the situation completely changed, and the analysis has become void as it seems... :-(

newwurldmn · Jun 13, 2016

Looks like the 17:14 print was for 1100 shares and was an average execution price (could be over minutes or over the whole day). It looks to me like a typo when reported to the tape and it was probably corrected (price was probably actually 41.47 and someone dyslexic reported it). That's why it was deleted.

marsman · Jun 13, 2016

newwurldmn said:
Looks like the 17:14 print was for 1100 shares and was an average execution price (could be over minutes or over the whole day). It looks to me like a typo when reported to the tape and it was probably corrected (price was probably actually 41.47 and someone dyslexic reported it). That's why it was deleted.

Thx, but still mysterious that it took so long a time to correct a misprinted trade.

OTOH, the NASDAQ site shows this info (IMHO very interressting), so the 44.17 (or even 45.75) seems to be the new price! Isn't it? :

newwurldmn · Jun 13, 2016

Just different programs interpreting the data differently. There's no need to indicate that 44+ is the correct price to use

marsman · Jun 13, 2016

newwurldmn said:
Just different programs interpreting the data differently. There's no need to indicate that 44+ is the correct price to use

But NASDAQ is an authority and they say the new price is $45.7504, even though NASDAQ is not responsible for NUS since NUS trades at NYSE.
I'll try to find similar info at the NYSE site...

...oh boy, the NYSE web site is unusable; it's mobile crap, so unprofessional and so useless.
I even couldn't find their quote service yet... :-(

Finally found the link, but NYSE does not show After Hours trades at their quotes service; Fri Jun 10, 2016 04:02 PM is the last quote NYSE shows.

newwurldmn · Jun 13, 2016

Just because Nasdaq is an authority doesn't mean their last sale is relevant to your uses.

marsman · Jun 13, 2016

newwurldmn said:
Just because Nasdaq is an authority doesn't mean their last sale is relevant to your uses.

Just curious: how can you be so sure? Are you an insider in these things?

newwurldmn · Jun 13, 2016

marsman said:
Just curious: how can you be so sure? Are you an insider in these things?

No. I did a little research on the prints you mentioned. I looked at the the decision codes and did some analysis.

Zestilio · Jun 13, 2016

I suppose New is correct - it does look like a typo that's been corrected too late.

marsman · Jun 13, 2016

Zestilio said:
I suppose New is correct - it does look like a typo that's been corrected too late.

I suppose the following happened: after mkt hours a novice trader placed a market order

instead of using a limit order.
The greedy MM wanted to rip the guy, the MM succeeded, but then later the trade was annulled by some higher levels (broker, or the monitoring body of the MM).
Could it have happened so?

Other possibilities?