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.
Home / Market Update / Global Stock Market / New York Stock Exchange Faces Technical Issue Impacting Tens of Stocks
Tags us stocks Wall Street
Check Also
How Have US Stocks Reacted After Trump’s Win?
Certain stocks have been disappointed by Trump’s election-related gains; Tesla has lost 4.5% of its …