Barclays Share Price Rebounds After Fat Finger Spurred Drop

Joe Easton, Jan-Patrick Barnert and Bloomberg Automation
·1 min read

(Bloomberg) -- Barclays Plc shares briefly dropped as much as 9.9%, the most intraday in more than a year, in what traders said was likely due to a trading error known as a “fat finger.”

The stock entered a volatility auction at about 8:06 am in London after two trades totaling about 48,000 shares at a price of 168.40 pence, according to Bloomberg data.

The shares quickly recovered after the five-minute pause and were down 0.2% to 186.42 pence at 9:12 a.m. in London.

The low of the day matches data shown on the London Stock Exchange website. The LSE has been contacted for comment.

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