Breaking: NYSE Fixes Glitch Showing False 99% Drop in Berkshire Stock

Normal trading have resumed on the New York Stock Exchange (NYSE) late Monday morning after a technical issue caused major price fluctuations in certain stocks.

Berkshire Hathaway, among others, was incorrectly shown to have dropped 99%. The NYSE has confirmed that the issue has been resolved.

NYSE Fixes Tech Issue After Berkshire Stock Dips

On Monday morning, the New York Stock Exchange experienced a technical issue that led to significant price discrepancies in several stocks. By around 11 a.m. ET, the NYSE identified the problem affecting the main electronic stock price publisher. Trading for most impacted stocks had either resumed or was in the process of reopening by that time.

NYSE Equities Is Currently Investigating A Reported Technical Issuehttps://t.co/osyRp3sxhF pic.twitter.com/CTmLConI6k

— LiveSquawk (@LiveSquawk) June 3, 2024

The issue stemmed from the “limit up, limit down” bands, designed to control volatility. Approximately 50 stocks were affected, with trading in these companies temporarily halted. Among the notable impacts, Berkshire Hathaway’s Class A shares were erroneously shown as falling 99% from around $620,000 to $185.10. Trading for these shares normalized around 11:35 a.m. ET.

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