NYSE Says Technical Glitch Caused Berkshire Hathaway Stock to Appear Down 99%

A technical glitch in the New York Stock Exchange resulted in Berkshire Hathaway stock price briefly plummeting Monday morning, leading to a temporary halt in trading of the stock.The New York Stock Exchange released a statement reading, “A technical issue with industry-wide price bands published by the CTA SIP triggered halts in a number of stocks listed on the NYSE Group exchanges this morning. Impacted stocks have since reopened and the price bands issue has been resolved.

“Shortly before noon, the issue was resolved and trading in the impacted stocks resumed,” the exchange said in a statement. “The NYSE is reviewing...The New York Stock Exchange on Monday morning said it resolved a technical problem that resulted in the halt of trading in stocks of several high-profile companies, including Class A shares of Warren Buffett’s Berkshire Hathaway Inc.

Source: News Formal (newsformal.com)

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