Nanex Research

Nanex ~ 5-Feb-2013 ~ Hanes In a Twist

On February 5, 2013 at 15:52:10 the stock of Hanesbrands Inc (symbol HBI) suddenly shot up 3.2% in less than 1/2 on approximately 380 trades (75,000 shares) executed across 12 trading venues. In seconds, prices returned and even dropped lower than where the ramp-up started. Hanes has a market cap of $3.7 billion. Give or take a few percent depending on which millisecond you base the price on.

1. HBI showing trades color coded by exchange and NBBO (gray shading).
That's not a bad tick - that's over 380 trades from 12 different trading venues all pricing HBI higher. For a few seconds.

2. HBI showing trades color coded by exchange and NBBO (gray shading).

3. HBI showing trades color coded by exchange and NBBO (gray shading).
It's amazing how many different traders will

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