According to online sources, including Google itself, Google’s stock (GOOG) closed at $285.57, while in after hours trading we are seeing the price at $411 nearly a 40% difference. Reports have surfaced that investors have seen prices as low as $38 with the price currently residing in the mid $350s.
This has set-off trader panic as investors look at their already decimated portfolio values and see inaccurate data according to their Google holdings.
At 5:01 p.m. NASDAQ disclosed their decision to “cancel all after-hours trades in Google that were at or below $352.07.”
September 30, 2008
