Why Did First Data Corp (FDC) Shares Get Halted Twice Already Today?

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It’s very common to see a stock halted once during a trading day. Material informatin releases, the tripping of a circuit breaker, or a number of other issues may cause a planned or automatic halt in a stock. Today, however, shares of First Data Corp (NYSE:FDC) were halted twice, and many investors seem a bit perplexed as to why.

This morning the stock was halted at approximately 9:45 a.m. ET as shares tripped a circuit breaker as they plunged below $9. Once the stock reopened for trading minutes later, buyers came in and shares shot up in the other direction. This is when another circuit was tripped and the stock was halted at $9.61 at around 9:56 a.m. ET. The stock has since reopened for trading and continues to remain volatile. The reason for the volatility is yesterday’s earnings report after the market closed. The company beat the Street by 32% but apparently investors were not quite satisfied.

The stock is down 13.42% or $1.49 following the news, hitting $9.61 per share. Approximately 935,284 shares traded hands. FDC shares have risen 6.00% since January 11, 2016 and are currently uptrending. It has outperformed the S&P500 by 14.87%.

First Data Corporation is a United States company, which provides electronic commerce and payment solutions for merchants, financial institutions and card issuers. The company has a market cap of $8.66 billion. The Firm provides services, including merchant transaction processing and acquiring; credit, retail, and debit card issuing and processing; prepaid services, and check verification, settlement and guarantee services. It currently has negative earnings.

#focuskw=’First Data Corp (NYSE:FDC)’##metadesc=’It’s very common to see a stock halted once during a trading day. Material informatin releases, the tripping of a circuit breaker, or a number of other issues may cause a planned or automatic halt in a stock. Today, however, shares of First Data Corp (NYSE:FDC) were halted twice, and many investors seem a bit perplexed as to why.This morning the stock was halted at approximately 9:45 a.m. ET as shares tripped a circuit breaker as they plunged below $9. Once the stock reopened for trading minutes later, buyers came in and shares shot up in the other direction. This is when another circuit was tripped and the stock was halted at $9.61 at around 9:56 a.m. ET. The stock has since reopened for trading and continues to remain volatile. The reason for the volatility is yesterday’s earnings report after the market closed. The company beat the Street by 32% but apparently investors were not quite satisfied.’##metarobot=’index’##newskw=’Zafgen Inc positive news,Zafgen Inc – (NASDAQ:ZFGN),NASDAQ:ZFGN Analyst rating analysis,Stock Analysis,Outlook and potential,ZFGN Price change and trend,ZFGN stock update’##sitemap=’include’##skipsocial##stockticker=’NYSE:FDC’#