Suspicious Off-Hour Trades Cancelled By Nasdaq, NYSE
Now - ITR via Comtex
InvestrendMay 4, 2011 (FinancialWire) ("The Small Cap News Leader" -- Nasdaq OMX (NASDAQ: NDAQ) and NYSE Euronext (NYSE: NYX) are reportedly reviewing as many as 50 health care trades made after the close of trading Tuesday. Trades in Aetna (NYSE: AET), Abbot Laboratories, Bristol-Myers Squibb (NYSE: BMY), Pfizer (NYSE PFE), Merck (NYSE: MRK), Eli Lilly (NYSE: LLY), Johnson & Johnson (NYSE: JNJ) and other companies reportedly were canceled or seemed potentially erroneous and were being scrutinized.
Nasdaq reportedly canceled some of the trades, which had led to spikes in the after-hours trading of several stocks.
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