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By
Reuters
Published
Apr 8, 2011
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Macy's stock briefly halted, trades canceled

By
Reuters
Published
Apr 8, 2011

Apr 7 - Trading on Macy's was briefly paused on Thursday after a sudden change in the price of the retailer's shares, the New York Stock Exchange said.

Nine trades ranging from $24.25 to $23.25, significantly lower than where the stock had been trading for most of the session, hit the tape at 11:31 a.m.

Macy's
Macy's flagship store in Herald Square, New York City

Those trades, which were traded on the NYSE Arca exchange, were later canceled, the NYSE said.

The trading pause was triggered after trades at $25.58, more than 10 percent above $23.25, were executed.

"It was a normal circuit breaker," said a spokeswoman for NYSE Euronext, which runs the New York Stock Exchange.

Five-minute trading pauses, or circuit-breakers, are triggered after a security varies 10 percent or more in a five-minute period.

Macy's shares were up 0.3 percent at $25.27.

(Reporting by Rodrigo Campos; Editing by James Dalgleish)

© Thomson Reuters 2024 All rights reserved.

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