Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

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

by admin 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
UAE the Top Destination for Smuggled African Gold Worth Billions, Study Says

Related Posts

JPMorgan marks 1,000th branch opening since 2018 expansion...

August 2, 2025

Musk threatens ‘immediate’ legal action against Apple over...

August 13, 2025

Kohl’s CEO Tom Kingsbury to step down and...

November 27, 2024

Home sales slipped unexpectedly in April despite big...

May 23, 2024

Barry’s Bootcamp announces new investment as others exit...

January 14, 2025

Google’s second antitrust trial could help shape the...

September 7, 2024

Trump Organization sues Capital One bank over account...

March 11, 2025

How thousands of Americans got caught in fintech’s...

July 3, 2024

Ascension Health, largest Catholic hospital chain in the...

May 10, 2024

Frontier CEO urges crackdown on ‘rampant abuse’ of...

May 24, 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.

    Recent

    • Biden didn’t want intel disseminated showing Ukrainian concerns over family’s ‘corrupt’ business ties: records

      October 8, 2025
    • Cruz clashes with Nigeria over his claims 50,000 Christians killed since 2009 in religious violence

      October 8, 2025
    • House committee withdraws James Comey subpoena for Jeffrey Epstein testimony

      October 8, 2025
    • Government limps deeper into shutdown crisis with no deal in sight

      October 8, 2025
    • Trump meets former Hamas hostage Edan Alexander on Oct. 7 anniversary

      October 8, 2025

    Categories

    • Business (1,116)
    • Investing (3,206)
    • Politics (3,906)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.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 sportinvestorsleague.com | All Rights Reserved