4 ms·

The trading halt caught my eye too. Who decides when a stock get's halted to stop it from tanking? If there's a legit system issue with the trading market that

The trading halt caught my eye too. Who decides when a stock get's halted to stop it from tanking? If there's a legit system issue with the trading market that the Zynga has no control over sure, I get that, but to keep traders from reacting to the state of the company and/or market itself is pretty shifty.

deleted 13y ago
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chollida1 13y ago
>Who decides when a stock get's halted to stop it from tanking? It's partially automated and partially up to the primary market. Each exchange has circuit breakers for detecting large drops in both the stock's price in a short time period and a drop in liquidity. These are also known as non regulatory halts. Additionally for material news leaks like this there is a mechanism to manually halt trading. These are known as regulatory halts.
- Jabbles 13y ago
  http://www.nasdaqtrader.com/Trader.aspx?id=Tradehalts http://www.nasdaqtrader.com/Trader.aspx?id=Tradehalts http://www.nasdaqtrader.com/Trader.aspx?id=tradehaltcodes http://www.nasdaqtrader.com/Trader.aspx?id=tradehaltcodes LUDP - Volatility Trading Pause Looks like the circuit breakers were responsible. Edit: Oh, there were two!
  - chollida1 13y ago
    No you're looking at the 15:29:51 halt, which is a circuit breaker. We were discussing the T3 halt at 14:48:44 which is due to pending news.
trotsky 13y ago
while there are any number of reasons a trading halt can occur, few of them are particularly beneficial to zynga. In this case the most likely candidate is public disclosure requirements by the SEC. It is tricky to announce things uniformly across a multitide of outlets, sometimes a press release will go out early and the company will ask for a halt until they can get the rest out. In this case it looks like marketwatch had the news at 2:48 but zynga's official press release didn't hit until 2:52.

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chollida1 13y ago

>Who decides when a stock get's halted to stop it from tanking? It's partially automated and partially up to the primary market. Each exchange has circuit breakers for detecting large drops in both the stock's price in a short time period and a drop in liquidity. These are also known as non regulatory halts. Additionally for material news leaks like this there is a mechanism to manually halt trading. These are known as regulatory halts.

Jabbles 13y ago
http://www.nasdaqtrader.com/Trader.aspx?id=Tradehalts http://www.nasdaqtrader.com/Trader.aspx?id=Tradehalts http://www.nasdaqtrader.com/Trader.aspx?id=tradehaltcodes http://www.nasdaqtrader.com/Trader.aspx?id=tradehaltcodes LUDP - Volatility Trading Pause Looks like the circuit breakers were responsible. Edit: Oh, there were two!
- chollida1 13y ago
  No you're looking at the 15:29:51 halt, which is a circuit breaker. We were discussing the T3 halt at 14:48:44 which is due to pending news.

trotsky 13y ago

while there are any number of reasons a trading halt can occur, few of them are particularly beneficial to zynga. In this case the most likely candidate is public disclosure requirements by the SEC. It is tricky to announce things uniformly across a multitide of outlets, sometimes a press release will go out early and the company will ask for a halt until they can get the rest out. In this case it looks like marketwatch had the news at 2:48 but zynga's official press release didn't hit until 2:52.