Almost Half of SK Hynix Trading Today Came Within the First Half Hour
Dow Jones07-11 04:30
More than 52 million shares of SK Hynix traded today by noon ET, less than 30 minutes after the memory-chip maker's first trades on Nasdaq, according to JJ Kinahan, head of retail expansion and alternative investment products at Cboe Global Markets.
That marks "a huge number" and "a nice shot in the arm for the market," Kinahan said, adding that options trading for the stock is expected to start Tuesday. By the end of the day, 106 million SK Hynix shares traded, meaning that nearly half of the day's trading took place in that first 30 minutes.
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