AMR… When Stock Halts Just Get In The Way (AMR)
AMR Corporation (NYSE: AMR) has now been halted so many times that there may be a discrepancy from source to source on just how many times the stock has halted. By our count, it was eight times. This is due…
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AMR Corporation (NYSE: AMR) has now been halted so many times that there may be a discrepancy from source to source on just how many times the stock has halted. By our count, it was eight times. This is due to the single-stock circuit breakers.
The idea of the single-stock circuit breakers came from the Flash Crash. Many investors believe that the frequency that the price moves 10% is happening too often. This is another one of those examples.
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
