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On Wednesday morning, several major stocks saw large swings on seemingly no news. Stocks that saw major swings included Kronos Worldwide
KRO, CoreLogic
CLGX, Molycorp
MCP, Quicksilver Resources
KWK, JetBlue
JBLU, Goodyear Tire
GT, Humana
HUM, and Allegiant Travel Company
ALGT.
Speculation was rampant that the moves were due to issues with routing orders at Knight Trading Group. A trader told Benzinga that trades were being executed but confirmations were not going out. Bloomberg reported that Knight Capital is currently looking into the stock swings.
Knight Capital itself traded down over 7% early Wednesday.
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