NYSE Glitch Causes False 99% Drop in Berkshire Hathaway Stock
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.