Nasdaq Says It Will Let Stand Dendreon Trades Under Review!
The Nasdaq Stock Market said it will let stand two minutes’ worth of transactions in Dendreon Corp. that it initially suspected were the result of a brokerage error.
Dendreon shares plunged as much as 69 percent between 1:25 p.m. and 1:27 p.m., when Nasdaq halted trading in the stock. The transactions were reviewed under a rule that lets the exchange cancel orders executed as a result of a “clearly erroneous” brokerage error.
