Shares or BioMarin Pharmaceutical (BMRN -0.7%) spiked over 10% in a faction of a second at the...

|About: BioMarin Pharmaceutical Inc. (BMRN)|By:, SA News Editor

Shares or BioMarin Pharmaceutical (BMRN -0.7%) spiked over 10% in a faction of a second at the open this morning, hitting a new 52-week high of $52.96 before triggering a trading pause by Nasdaq. The five-minute halt was activated after scores of trades were executed at sharply higher prices in a burst of high volume at 9:50 a.m. EST., possibly resulting from a "fat finger" trade-input error. On a separate note, the company is currently presenting an update at the Credit Suisse Healthcare Conference in Phoenix, AZ.