Discover how Warren Buffett's Berkshire Hathaway stock almost plummeted due to a technical issue on the NYSE!
Berkshire Hathaway, the conglomerate led by the legendary investor Warren Buffett, recently faced a rollercoaster ride in the stock market. A technical glitch on the New York Stock Exchange caused panic as incorrect data showed Berkshire Hathaway stock dropping a staggering 99%. Despite initial reports of the company losing almost its entire market capitalization of $900 billion, it was later clarified that this was a result of a technical issue and not an actual decline in value.
The NYSE investigated the issue, which also affected other major companies like Chipotle and GameStop. Trading was halted for multiple stocks while the root of the problem was identified. The erroneous data displayed on the NYSE platform led to temporary chaos before the issue was resolved.
Fortunately, the NYSE confirmed that the technical glitch causing the misleading stock prices had been fixed. Berkshire Hathaway stock, along with other impacted stocks, regained stability after the incident was addressed. This incident serves as a reminder of the vulnerability of financial markets to technical errors and the importance of swift resolution in such situations.
In a surprising turn of events, despite the scare and temporary chaos, Berkshire Hathaway stock recovered from the false plunge. Warren Buffett's conglomerate maintained its position after the NYSE glitch, showcasing resilience in the face of unexpected challenges. The incident highlighted the scrutiny and attention that major stocks receive, with even minor technical issues causing significant market ripples.
Berkshire Hathaway, the conglomerate helmed by billionaire Warren Buffett, did not in fact lose almost its entire $900 billion market capitalization.
Warren Buffett's Berkshire Hathaway, Chipotle and GameStop were affected by the technical issue, the New York Stock Exchange said.
Trading was halted in several stocks as the New York Stock Exchange investigated a technical issue around its volatility controls.
The incorrect share price data showed Class A shares of Berkshire Hathaway losing more than $627000 in value on volume of just over 3000 shares.
A technical glitch on the New York Stock Exchange on Monday morning showed incorrect stock prices or volatility halts on several stocks, most notably a ...
The New York Stock Exchange told the public it was investigating the technical issue but it did not disclose how many stocks were impacted.
The New York Stock Exchange said Monday that a technical issue causing trading halts for multiple stocks has been resolved.
Berkshire Hathaway, the conglomerate helmed by billionaire Warren Buffett, did not in fact lose almost its entire $900 billion market capitalization.
A technical issue at the New York Stock Exchange on Monday morning caused Warren Buffett's Berkshire Hathaway shares to fall nearly 100%.
The New York Stock Exchange on Monday said it is investigating a technical problem that has Class A shares of Warren Buffett's Berkshire Hathaway seemingly ...
A technical glitch on the New York Stock Exchange on Monday morning showed incorrect stock prices or volatility halts on several stocks, most notably a ...
The NYSE has halted nearly 30 stocks for volatility since the open, with the Big Board exchange citing a.
Warren Buffett stock Berkshire Hathaway class A shares plummeted Monday morning on a technical glitch. Several other stocks were also halted.
By Joseph Adinolfi. Here's why any trades on Monday's NYSE glitch will likely be reversed. Many investors apparently tried to pounce on the opportunity to ...
NYSE said it fixed the glitch, which saw Berkshire stock trading hands at just $185.10 a share.
Imagine if you owned a single Berkshire Hathaway A share worth over $600000 only to go on line and find it was down 99%! It happened, sort of.
By Joseph Adinolfi. Here's why any trades on Monday's NYSE glitch will likely be reversed. Many investors apparently tried to pounce on the opportunity to ...
Warren Buffett's Berkshire Hathaway was at a 99% discount following an apparent software malfunction which impacted the New York Stock Exchange.
The technical glitch lasted for about two hours and led to trading halts for 40 impacted stocks. The technical error, which originated from the Consolidated ...