Glitch Hits Intel and Oracle Stock, After Hours Stock Price Showing About -50% [Updated]

[Updated 9:22 AM EST – Both companies appear to be fixed during the pre-market, Intel is at $15.76 and Oracle is at $19.45]

In September 2008, Google stock appeared to be trading at $0.01 temporarily when it should have been over $400.  The glitch had to be investigated by Nasdaq Stock Market operators and it resulted from erroneous orders that were routed from another exchange.  This time it looks like a similar case is happening with Intel Corporation (NASDAQ:INTC) and Oracle Corporation (NASDAQ:ORCL).

In the after hours stock price, Intel is reporting a $7.91 per share which is -49.52% from the closing price. Oracle is showing an after hours stock price of $9.63 per share which is -49.77% of the closing price. When this happened with Google last time any trades that took place at the $0.01 price were automatically canceled was not allowed to be appealed. As exchanges are becoming all-electronic they are susceptible to problems.

If anyone has any additional information, please let us know in the comments.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at

Glitch Hits Intel and Oracle Stock, After Hours Stock Price Showing About -50% [Updated] Comments

  1. Nikhil says:

    Was this only on Google Finance or platform wide? I know the previous incident you were talking about was a NASDAQ error as you said, but this could be a Google error too. Google finance can give incorrect data at times, and well I guess that’s why it’s still in Google Labs. Yahoo finance is a better alternative usually, but I still see myself going back to Google Finance a lot due to the ease of use. I should stop now. This comment is turning into a blog post.

  2. Amit Chowdhry says:

    It was a wide error. I checked Yahoo Finance last night too.

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