Tuesday, April 30, 2013

Reuters: Technology News: Symantec shares drop 10 percent in one minute, triggering halt

Reuters: Technology News
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Symantec shares drop 10 percent in one minute, triggering halt
Apr 30th 2013, 14:58

Tue Apr 30, 2013 10:58am EDT

(Reuters) - Shares of security software maker Symantec Corp dropped around 10 percent in less than a minute on the Nasdaq on Tuesday, prompting a trading halt.

The shares dropped to a low of $21.93 around 10:11 a.m. Eastern.

Symantec spokesman Cris Paden said he could not immediately comment on the unusual movement in the stock price.

The stock resumed trading five minutes later, and bounced back above $24.

(Reporting by Sruthi Ramakrishnan in Bangalore and Jim Finkle in Boston; Editing by Rodney Joyce)

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