New York Stock Exchange is investigating technical issue as dozens of stocks are halted

  • 📰 cnnbrk
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 55%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The New York Stock Exchange is investigating a technical issue on Monday as Berkshire Hathaway and dozens of other stocks are halted.

said the technical issue is related to a mechanism designed to prevent stock prices from swinging wildly. Dozens of stocks are paused because they traded outside those so-called limit up-limit down bands, according to

’s website. That list includes Chipotle and Berkshire Hathaway, the holding company run by legendary investor Warren Buffett. Berkshire’s Class A stock 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. It’s not clear if the issues are related.

said it continues to investigate and did not provide additional comment to CNN. “This is not a Nasdaq issue,” Nasdaq spokesperson Emily Pan told CNN. Representatives for the Securities and Exchange Commission were not immediately available to comment. Joe Saluzzi, co-founder of Themis Trading, told CNN that the technical issues don’t appear to be impacting the broader market. “Berkshire, Chipotle and a few others were halted for no apparent reason.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 393. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alibaba's profit in Q4 tumbles due to equity investments, New York-listed stock plungesChinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending its stock price plunging in New York. Its net income for the quarter ended March was 3.
Source: AP - 🏆 728. / 51 Read more »

NYSE technical issue impacts some stock values, exchange incorrectly shows Berkshire Hathaway down 99%Trading was halted in several stocks as the NYSE investigated a technical issue around its volatility controls.
Source: NBCLA - 🏆 319. / 59 Read more »