Berkshire Hathaway Stock Prices Plunge in New Technical Glitch
Outrageous Numbers Displayed on Trading Websites
Error Falsely Shows Near 100% Loss
In a concerning development, the New York Stock Exchange (NYSE) experienced a technical issue on Monday that halted trading for some major stocks, including Berkshire Hathaway. The glitch caused trading websites to display an incorrect share price of just $18,510 for Berkshire Hathaway Class A shares, reflecting a near 100% loss from the previous day's closing price.
The outlandish numbers appeared shortly after the opening bell around 9:45 am, causing widespread confusion and concern among investors. The incorrect share price data remained on display for much of Monday morning, creating the false impression that Berkshire Hathaway shares had plummeted in value.
The trading halt was lifted before midday, and Berkshire Hathaway shares resumed trading at their correct price. However, the glitch has raised questions about the reliability of trading platforms and the potential impact of such errors on investor confidence.
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