1 year ago
Clean Science & Technology: 'Fat Finger' Trading Error
Sometimes, when people try to buy or sell stocks, they accidentally type the wrong numbers, like a "fat finger" hitting the wrong key.
This happened with Clean Science and Technology shares.
Promoters planned to sell some shares, but a mistake caused more shares than intended to be traded.
This situation highlights how these kinds of errors can lead to unexpected outcomes in the stock market.
A "fat finger" trading error caused significant changes in Clean Science and Technology share transactions.
Promoters planned to sell 24% of their holdings.
Due to an error, 56% of the company's equity changed hands.
The incident serves as a reminder of potential damage from such errors.
The error occurred during a block deal.
- Who
- Promoters of Clean Science and Technology.
- What
- A "fat finger" error led to unintended trading of Clean Science and Technology shares.
- Where
- Not specified in the articles.
- When
- Not specified in the articles.
- Why
- An error in the execution of a block deal.
Key facts
- Error Type
- "Fat finger" trading error
- Planned Promoter Sale
- 24% of holdings
- Actual Equity Traded
- 56%
- Company
- Clean Science and Technology
Quotes
Avendus Spark
One of the brokers authorized for the stake sale
“execution error”
CNBC TV 18
