Cebu Pacific shares back to normal after epic fail
Trading in Cebu Pacific shares is back to normal two days after a “fat finger” error caused a deep dive in its stock price.
Cebu Pacific shares nosedived from P93.40 to P58 last Tuesday as an unnamed trader punched in a wrong order which was automatically cleared by the system.
It hit its price ceiling of P87 on Wednesday on a token trade.
By Thursday, Cebu Pacific shares rose 6.38 percent to close at P92.55 with an intraday peak of P93.55.
All’s well than ends well and we just hope the sloppy trader just got a reprimand and not fired because he’s human just like all of us.