NYSE investigating 'technical issue,' Berkshire Hathaway stock incorrectly drops 99%
The New York Stock Exchange said Monday it was investigating a "technical issue" that was leading to large fluctuations in the prices of certain stocks including Warren Buffett's Berkshire Hathaway.
The New York Stock Exchange said Monday it was investigating a "technical issue" that was leading to large fluctuations in the prices of certain stocks including Warren Buffett's Berkshire Hathaway.
According to a notice posted on its website, the issue involved "limit up, limit down bands," which are designed to limit volatility.
Some 50 stocks were affected, the website indicated, and trades in those companies was halted.
NYSE trading data incorrectly showed so-called Class A shares of Berkshire down 99% from its price above $620,000 a share.
Other shares affected included AMC Entertainment, Chipotle and GameStop.
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