UPDATE 1-Wells Fargo trades down 8.0 pct at open on CBOE

(Updates with closing price)

NEW YORK, Oct 21 (BestGrowthStock) – Shares of Wells Fargo &
Company (WFC.N: ) traded on the CBOE Stock Exchange on Thursday
morning at a price about 8.0 percent below its price on other
exchanges, Reuters data showed.

The action was notable because sudden drops in stock prices
have become more scrutinized after the May 6 “flash crash,”
when markets dropped precipitiously in a matter of minutes.

A block of 9 trades, which totaled 2,500 shares, traded at
$23.87, whereas on other exchanges, the stock was being traded
between $25.86 and $25.87 per share.

The trades occurred shortly after the open at 9:31 a.m.
EDT, the data showed.

“The CBSX received marketable limit orders that were
executed and the trades have not been canceled,” said Gary
Compton, spokesman at the CBOE.

The CBSX is owned by the Chicago Board Options Exchange
(CBOE.O: ) and a consortium of financial entities.

Marketable order refers an order to buy or sell a stock
immediately at the current best available price. A limit
specifies a set number of shares.

Wells Fargo shares rose 0.4 percent to $26.03 on the New
York Stock Exchange on Thursday.

(Reporting by Angela Moon; Editing by Diane Craft)

UPDATE 1-Wells Fargo trades down 8.0 pct at open on CBOE