Apple (NASDAQ:AAPL) stock trading was suspended between 10:57 and 11:02 this morning, after an apparent fat-fingered trade caused the stock to plummet 9%.
According to ValueWalk, Nasdaq quickly cancelled the trade, which points towards this actually being a mistake. At the time of writing, AAPL sits at 596.35, down just over a half of a percent for the day.
Apparently, the issue stemmed from a single trade of 100 shares of Apple stock, valued at approximately $60,000. It’s presumed that the sale was only intended for 10 shares. The sale tripped the single stock circuit breaker, pausing trading for 5 minutes until Nasdaq could review the transaction.