PG Loses 30%, But Closes Down 2%! (Chart), NYSE CEO on Sell Off (Video)

The chart of the day is $PG (Procter & Gamble), which lost 30% at one point but rallied back to close down only 2%! It even took out the March 2009 low! Some say it was a trader's fat finger (ordering a billion shares instead of a million) combined with high frequency traders taking out stops. The NYSE CEO explains what happened in the CNN Money video below. The market took a surprise hit as well, down 9% at one point. Who knows what happened, but check out the print on the chart and read the articles.

PG (Procter & Gamble) - StockCharts.com



Citigroup Finds ‘No Evidence’ of Erroneous Trading (Update1) - BusinessWeek
P&G: Trading error behind sudden share price drop - MarketWatch
2nd UPDATE: Unexpected Drop Prompts P&G To Probe Trades - WSJ

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