Procter & Gamble PG-N, the household products giant that is the essence of corporate stability, also showed some crazy trading behaviour on Tuesday afternoon. The shares fell more than 35 per cent at one point, hitting an intraday low of $39.37. They have since recovered, closing the day at $60.75, down $1.41 or 2.3 per cent.
This is a mysterious dip and recovery to say the least. "What I can tell you is that we're looking into this," said Jennifer Chelune, a spokesperson for Procter & Gamble.
She pointed out that the low price for the stock on the New York Stock Exchange wasn't anywhere near that $39 low, which means that the company will be looking into whether or not errors occurred on electronic trading.
