Takata shares slump on day trader’s sale
given J&J access to some of its financial information as part of the negotiations, the sources said. Takata Corp, finalizing a buyer after spurring record auto industry recalls, fell in Tokyo trading after a Japanese day trader told his more than 103,000 Twitter followers he sold shares in the air-bag maker. The stock slumped as much as 8.8 percent, the biggest intraday decline since Nov 9, and was down 6.1 percent as of 2:11 pm. in Tokyo. The trader, a former video game champion and pachinko gambler who goes by CIS, wrote in a Twitter posting on Wednesday that he sold all the Takata shares he’d purchased three weeks ago.