Posted by: youngragingbull | June 3, 2013

Word on the Street: Williams-Sonoma, Hyatt caught in minor flash crash

Williams-Sonoma Inc. and Hyatt Hotels Corp. were caught in minor flash crashes during Monday’s trading session, causing shares to jump in either direction.

According to Eric Hunsader, CEO of Nanex, a provider of real-time data to traders, Hyatt shares surged from roughly $40.96 a share to $43.00 a share in 100 milliseconds at 11:19:57 a.m. The shares traded down to $41.18 a share a second later.

Meanwhile, Williams-Sonoma dropped from $53.50 a share to $51.27 a share in less than a second at 9:31 a.m., before recovering to $53.25 a share in the next four seconds.

The NYSE cancelled trades in Williams-Sonoma executed at or below $51.96 a share between 9:31 a.m. and 9:32 a.m.

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