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New York Stock Exchange Faces Technical Issue Impacting Tens of Stocks

Mohamed Abdelhamid 3 June, 2024 7:17 pm Global Stock Market, Market Update

The New York Stock Exchange said that technical issue is related to a mechanism designed to prevent stock prices from swinging wildly.

On Monday, the New York Stock Exchange said Monday’s technical issue is related to a mechanism designed to prevent stock prices from swinging wildly as Berkshire Hathaway and dozens of other stocks are halted.

Dozens of stocks are paused because they traded outside those so-called limit up-limit down bands, according to NYSE’s website. That list includes Chipotle and Berkshire Hathaway, the holding company run by legendary investor Warren Buffett.

Berkshire’s Class A stock (BRK.A) is listed as trading at just $185.10, a price that would represent a loss of 99.97%, according to Refinitiv. Berkshire closed at $627,400 on Friday.

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