Tweeter Home Entertainment (TWTRQ) on Friday got a wildly huge bump by some 1,500% at one point, as investors mistakenly thought the stock was that of Twitter — which was given the stock ticker TWTR.
It ended up by more than 684% after fluctuating up and down — likely investors realizing their error.
The a consumer electronics retailer declared bankruptcy in 2007, so the stock was worthless, despite receiving such a huge boost. Trading in Tweeter shares was halted when the error was figured out — of course the stock was worth just one cent so the error did not have sweeping financial impacts.
A CNBC chart shows the error — and once news outlets started reporting the error, how quickly it ended.
Twitter shares are expected to start trading sometime before Thanksgiving.