NYSE Glitch Causes False 99% Drop in Berkshire Hathaway Stock
TL;DR Summary
A glitch on the New York Stock Exchange caused Berkshire Hathaway's Class A shares to appear to trade at a 99% discount, prompting the NYSE to cancel trades made at or below $603,718.30. The issue, which lasted about two hours, was related to Limit Up/Limit Down price bands and affected 40 stocks, including Chipotle and a Pimco bond ETF. The stock reopened at $648,000 and closed at $631,110 on Monday.
- No, you can't buy Berkshire stock at a 99% discount Business Insider
- New York Stock Exchange says bizarre glitch that showed Berkshire Hathaway down 99.97% has been resolved CNN
- Trading Glitch Sends Some Shares on a Wild Ride The New York Times
- Dow Jones Falls As Warren Buffett Stock 'Plunges' 99%; Bill Ackman Makes This IPO Move Investor's Business Daily
- Berkshire Hathaway stock appears to drop 99.9% after NYSE technical glitch Yahoo Finance
Reading Insights
Total Reads
0
Unique Readers
20
Time Saved
1 min
vs 2 min read
Condensed
74%
273 → 70 words
Want the full story? Read the original article
Read on Business Insider