Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

NYSE says technical issue fixed after Berkshire Hathaway wrongly falls 99%

by June 4, 2024
June 4, 2024
NYSE says technical issue fixed after Berkshire Hathaway wrongly falls 99%

Normal trading resumed late Monday morning after the New York Stock Exchange said a technical issue had led to large fluctuations in the prices displayed for certain stocks, including Warren Buffett’s Berkshire Hathaway.

A little after 11 a.m. ET, the NYSE said the issue involved the market’s main electronic stock price publisher, but that most stocks had since reopened or were in the process of reopening.

“Shortly before noon, the issue was resolved and trading in the impacted stocks resumed,” the exchange said in a statement. “The NYSE is reviewing potentially impacted trades.”

In a statement, the publisher, Consolidated Tape Association, said the issue may have been related to a software update that impacted price ‘bands’ or the electronic guardrails that limit volatility. It said it had resolved the issue by reverting operations to a data center where the previous software was still in use.

Some 50 stocks were affected, the website indicated, and trades in those companies were halted for about an hour.

The issue caused the NYSE to incorrectly show so-called Class A shares of Berkshire down 99% from their price of about $620,000 a share. Those shares resumed trading at normal levels around 11:35 a.m. ET.

Other shares affected included AMC Entertainment, Chipotle and GameStop.

Earlier, GameStop shares soared after trader Keith Gill, known as ‘Roaring Kitty’ on social media, apparently posted that he was increasing his bet on the stock.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Cucumbers shipped to 14 states recalled over Salmonella concerns
next post
Extreme heat set to drive home cooling costs to 10-year high, advocates warn

Related Posts

Here’s who might testify in Sam Bankman-Fried’s fraud...

October 5, 2023

GameStop, MicroStrategy shares rise after Ryan Cohen posts...

February 11, 2025

JetBlue and Spirit Airlines terminate $3.8 billion merger

March 5, 2024

Trump says national security concerns in Nippon-U.S. Steel...

June 15, 2025

Four minors found working at Alabama poultry plant...

May 21, 2024

Inside the $1 billion berry startup backed by...

April 24, 2025

How a ship that glides like a pelican...

August 22, 2025

The U.S. economy rolls on, adds 303,000 jobs...

April 6, 2024

Outcome of Hollywood actors’ contract vote could be...

December 5, 2023

Business groups hit back at efforts to cap...

March 6, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Lithium Market Update: Q3 2025 in Review

    • Despatch of SPP Offer Documents

    • Crypto Market Update: FalconX to Buy 21Shares, Senate Democrats Call Out Trump Envoy

    • Apollo Silver

    • Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

    Categories

    • Business (1,401)
    • Investing (3,062)
    • Politics (3,699)
    • Stocks (1,828)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved