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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Waddell and Reed Financial | NYSE:WDR | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 24.98 | 0 | 01:00:00 |
From May 2019 to May 2024
Waddell & Reed Financial Inc. (WDR) shares dropped Friday following a report that a Waddell trader selling e-mini contracts played a role in last week's brief 1000-point Dow drop.
Shares of Waddell fell 6.6% to $31.81 in recent trading. Reuters reported Friday that the sale of 75,000 e-mini contracts, a liquid futures contract linked to the S&P 500 Index, accounted for 9% of e-mini trading volume on May 6, citing a document provided by CME Group Inc. (CME) . CME did not find improper trading activity at Waddell, according to Reuters.
Separately, Waddell said in a statement that the e-mini trade in question was a "longstanding and well-monitored" hedging strategy and that it was one of 250 firms making similar trades at the time of the so-called flash crash.
-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com
1 Year Waddell and Reed Financial Chart |
1 Month Waddell and Reed Financial Chart |
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