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Post by yossarian on Apr 29, 2016 22:22:04 GMT -5
Think Mannkind stock had trading stopped because of a regulatory circuit breaker. That is defined as:
(RCB) Effective April 2013National securities exchanges and FINRA implemented the "limit up/limit down" mechanism (FINRA Rule 6190) to combat market volatility. The regulation mandates that trades are not allowed outside the specified price band in listed equity securities. The price band will be set at a percentage level above and below the average price of the security over the immediately preceding five-minute period.
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Post by babaoriley on Apr 29, 2016 22:33:44 GMT -5
Didn't know that happened, at what time and for how long?
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Post by peppy on Apr 29, 2016 23:36:47 GMT -5
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Post by liane on Apr 30, 2016 4:57:00 GMT -5
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Post by matt on Apr 30, 2016 8:38:56 GMT -5
The NASDAQ Limit Up / Limit Down rules are applied according to the closing price the trading day before, but many people ignore the tiers and assume the 5% and 10% change rules apply to all securities, but it does not. For stocks trading between 75 cents and $3.00, the price would have to move by more than 20%, or 29 cents, to trigger a halt. MNKD was far away from those prices yesterday. A 5% move triggers a temporary halt only for Tier 1 National Market Securities trading above $3.00.
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Post by kball on Apr 30, 2016 8:44:17 GMT -5
The NASDAQ Limit Up / Limit Down rules are applied according to the closing price the trading day before, but many people ignore the tiers and assume the 5% and 10% change rules apply to all securities, but it does not. For stocks trading between 75 cents and $3.00, the price would have to move by more than 20%, or 29 cents, to trigger a halt. MNKD was far away from those prices yesterday. A 5% move triggers a temporary halt only for Tier 1 National Market Securities trading above $3.00. If this guy isn't the best poster here, i don't know who is. Nice Matt. Always appreciate your insight |
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Post by chuck on Apr 30, 2016 9:07:17 GMT -5
I would second that. Clearly the best poster by a lot.
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Post by yossarian on May 2, 2016 13:28:07 GMT -5
The NASDAQ Limit Up / Limit Down rules are applied according to the closing price the trading day before, but many people ignore the tiers and assume the 5% and 10% change rules apply to all securities, but it does not. For stocks trading between 75 cents and $3.00, the price would have to move by more than 20%, or 29 cents, to trigger a halt. MNKD was far away from those prices yesterday. A 5% move triggers a temporary halt only for Tier 1 National Market Securities trading above $3.00. Good to know. I only raised the question about MNKD because Schwab when I got a quote for MNKD on Friday said the rule had been invoked. |
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Post by patten1962 on May 2, 2016 20:22:11 GMT -5
The NASDAQ Limit Up / Limit Down rules are applied according to the closing price the trading day before, but many people ignore the tiers and assume the 5% and 10% change rules apply to all securities, but it does not. For stocks trading between 75 cents and $3.00, the price would have to move by more than 20%, or 29 cents, to trigger a halt. MNKD was far away from those prices yesterday. A 5% move triggers a temporary halt only for Tier 1 National Market Securities trading above $3.00. Good to know. I only raised the question about MNKD because Schwab when I got a quote for MNKD on Friday said the rule had been invoked. Sorry. When was trading halted? April 29th or today may 2nd. |
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Post by peppy on May 2, 2016 20:31:21 GMT -5
Good to know. I only raised the question about MNKD because Schwab when I got a quote for MNKD on Friday said the rule had been invoked. Sorry. When was trading halted? April 29th or today may 2nd. there was no halt. an attention grabbing headline. |
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Post by patten1962 on May 2, 2016 20:37:28 GMT -5
Sorry. When was trading halted? April 29th or today may 2nd. there was no halt. an attention grabbing headline. Ty. |
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