Berkshire Hathaway stock briefly drops 99% due to NYSE glitch

On Monday, the New York Stock Exchange experienced technical issues that caused incorrect stock prices to be displayed for a number of companies. This glitch lasted for approximately two hours and resulted in trading halts for 49 affected stocks. The problem originated from the Consolidated Tape Association's real-time stock quotes.

One notable stock that was impacted during this time was Berkshire Hathaway Class A shares, which saw its price plummet by 99.97% to just $185.10 per share. This inaccurate data suggested that the stock had lost over $627,000 in value, despite trading volume being just over 3,000 shares. Berkshire Hathaway Class A shares had closed at $627,400 on the previous trading day and reopened at $648,000 once the glitch was resolved at 11:45 am.

Other stocks affected by the technical glitch included Barrick Gold, NuScale Power Corporation, Grupo Aeroportuario Del Sureste, and Chipotle. These stocks also experienced significant price drops, with some seeing their prices down by as much as 99%.

It is worth noting that the New York Stock Exchange, which is owned by Intercontinental Exchange, was quick to address the issue and rectified the glitch by late morning. The exchange worked diligently to fix the problem and resume normal trading operations for all affected stocks.

Overall, the technical glitch at the New York Stock Exchange caused temporary disruptions in stock prices for several companies, but the issue was promptly resolved, allowing trading to resume as usual.


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