Reuters: Global Markets: P&G shares briefly sink five percent in brisk trade

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P&G shares briefly sink five percent in brisk trade Aug 30th 2013, 19:30 Tweet Share this Email Print Related Topics Hot Stocks » Asian Markets » Procter & Gamble's Tide detergent can be seen on display at a new Wal-Mart store in Chicago January 24, 2012. Credit: Reuters/John Gress By Angela Moon NEW YORK | Fri Aug 30, 2013 3:11pm EDT NEW YORK (Reuters) - Shares of Procter & Gamble (PG.N) fell nearly 5 percent in active trading during a brief period at midday Friday. About 329,000 shares changed hands over the space of one minute at 12:11 p.m. EDT (1611 GMT), when the stock suddenly fell to $73.61, before resuming its earlier trading range. A flurry of about 175 trades, executed on the New York Stock Exchange within a one-second period, caused the decline, with about 244,000 shares changing hands on the Big Board, according to time-and-sales data from Thomson Reuters. Trading data shows the stock was trading in its prevailing range on other exchanges. The stock was up 0.7 percent at $77.83 in afternoon trading Friday. With less than two hours remaining in the session, about 4.2 million shares have changed hands in the stock so far. NYSE Euronext (NYX.N), which operates the New York Stock Exchange, declined comment. (Additional reporting by Ryan Vlastelica; Editing by Bernadette Baum) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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