Amgen Just Crashed 50% In Premarket, Here's How It Looked
Shares of Amgen, Inc. (NASDAQ: AMGN) just flash crashed in premarket trading on Tuesday.
Shares crashed from $157.57 to $83.43, a drop of 47.10 percent.
Thanks to Nanex, one can see just how wild the hammer down was. The market on Nasdaq crossed, meaning someone wanted to sell shares for less than what someone wanted to buy them for -- a big no-no according to the SEC.
This action follows problems that ISE experienced on Monday, when its options trading system went black.
Chart of Amgen courtesy of Nanex:
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