Bull.
The PG price collapse & reversal was preceeded by a similar collapse & reversal in the S&P futures 5 minutes before.
2:40 - 2:45pm, S&P fufures plummet approx 5%.
2:45 - 2:55pm, S&P futures recover approx 5%.
2:45 - 2:50pm, PG shares plummet approx 20%.
2:50 - 2:55pm, PG shares recover approx 20%.
The NASDAQ says it will reverse a bunch of trades that happened starting at 2:40 pm (5 min before the PG crash started).
The story about the crash being caused because a trader mistyped a “b” instead of an “m” & triggered a sale of $16B or $6B or 16B shares or 6B shares of PG smells bull-craptilicious from the perspective of PG’s total market cap and total shares outstanding (16B shares is over 500% of PG, $16B is over 10% of PG, and neither happens on a simple typo).
Apparently there’s a similar story that involves S&P futures instead of PG shares. The match doesn’t smell have the same level of steaming-ripe smell on that story, but the “all it takes is a mistyped B to crash our economy” aspect of it does keep a certain sweet-and-tangy aroma.