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Post by careful2invest on Apr 23, 2016 10:11:08 GMT -5
Saturday morning, 4/23/16
While on the Nasdaq website, I looked up MNKD Realtime Quote.
It states $7.10/ share.
Typo? Projection? Any thoughts or ideas as to why?
I know that we will reach this number and frankly, blow way past it, but I do not understand it being noted at that price, at this time.
GLTA TRUE LONGS!
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Post by victoria on Apr 23, 2016 10:27:19 GMT -5
It says that for me too at m.nasdaq.com/symbol/mnkd I expect someone wanted a buy for $1.70 and typed $7.10 instead. Wonder what the volume was and when. |
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Post by matt on Apr 23, 2016 10:31:39 GMT -5
According to NASDAQ rules a market maker may choose to participate in the after hours market or pre-market trading sessions, but they don't have to. However, if they do then they must quote a bid-ask spread for securities they cover and must buy or sell at the quoted price. A lot of market makers will actively participate in the after hours session for a short time but then, if there is no activity, they shut down and go home for the day.
However, to minimize any exposure to surprise announcements, they quote numbers far removed from the last traded price (remember the exchange requires them to fill orders at the prices they quote). So these are not "real" quotes but a way to signal that the particular market maker is closed for business. The quotes return to a normal range as the opening bell approaches on Monday morning. If you want a realistic view of the price, wait until Sunday and see where the company trades on TASE and do the foreign currency calculations. There is usually minimal difference between TASE and NASDAQ when both markets are open.
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Post by kbrion77 on Apr 23, 2016 11:24:14 GMT -5
It has to be a glitch, multiple stocks I hold are having same issue (BIOD, CDXS, AXN).
Now Nasdaq website is down so most likely a glitch.
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Post by daduke38 on Apr 24, 2016 8:06:25 GMT -5
It has to be a glitch, multiple stocks I hold are having same issue (BIOD, CDXS, AXN). Now Nasdaq website is down so most likely a glitch. It was. I saw it and it had Thursday's date on it. |
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