IDEAS home Printed from https://ideas.repec.org/a/cup/jfinqa/v11y1976i04p577-590_02.html
   My bibliography  Save this article

Stock Price Movement Associated with Temporary Trading Suspensions: Bear Market versus Bull Market

Author

Listed:
  • Hopewell, Michael H.
  • Schwartz, Arthur L.

Abstract

A temporary trading suspension in a listed security represents a temporal discontinuity in a continuous auction market. Although the SEC occasionally suspends trading in specific securities, the NYSE itself administratively halts trading in individual NYSE issues. The latter occur quite frequently (almost three per day on average), and typically last about two hours. NYSE-initiated suspensions are the focus of the present paper.

Suggested Citation

  • Hopewell, Michael H. & Schwartz, Arthur L., 1976. "Stock Price Movement Associated with Temporary Trading Suspensions: Bear Market versus Bull Market," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 11(4), pages 577-590, November.
    • Handle: RePEc:cup:jfinqa:v:11:y:1976:i:04:p:577-590_02
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0022109000020986/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bhattacharya, Utpal & Spiegel, Matthew, 1998. "Anatomy of a Market Failure: NYSE Trading Suspensions (1974-1988)," Journal of Business & Economic Statistics, American Statistical Association, vol. 16(2), pages 216-226, April.
    2. William G. Christie & Shane A. Corwin & Jeffrey H. Harris, 2002. "Nasdaq Trading Halts: The Impact of Market Mechanisms on Prices, Trading Activity, and Execution Costs," Journal of Finance, American Finance Association, vol. 57(3), pages 1443-1478, June.
    3. J. Ernest Tanner & Jonathan B. Pritchett, 1992. "The Effect Of Trading Halts On Excess Returns During Periods Of System Overload," Review of Financial Economics, John Wiley & Sons, vol. 1(2), pages 1-16, March.
    4. Ronald King & Grace Pownall & Gregory Waymire, 1992. "Corporate disclosure and price discovery associated with NYSE temporary trading halts," Contemporary Accounting Research, John Wiley & Sons, vol. 8(2), pages 509-531, March.
    5. Charles M.C. Lee, 1992. "Discussion of “Corporate disclosure and price discovery associated with NYSE temporary trading haltsâ€," Contemporary Accounting Research, John Wiley & Sons, vol. 8(2), pages 532-539, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jfinqa:v:11:y:1976:i:04:p:577-590_02. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/jfq .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.