Berkshire Hathaway recently experienced a 99% discount on the New York Stock Exchange (NYSE) due to a technical glitch. The glitch, which was attributed to an issue with the Consolidated Tape Association’s software, lasted for about two hours and caused trading halts for 40 stocks, including Berkshire Hathaway. The stock closed at $631,110 on Monday after reopening at $648,000 from its previous Friday closing price of $627,400.
In addition to Berkshire Hathaway, at least 12 other firms and exchange-traded funds were also affected by the glitch. Traders who believe they were affected by the glitch can flag trades as “clearly erroneous” and seek compensation if necessary. This is not the first time the NYSE has experienced issues with glitches impacting trading. In January, more than 250 firms experienced dramatic price swings due to a glitch caused by a staff member who left a backup system running. The NYSE is actively working to identify and address any issues related to trading glitches to ensure fair and accurate trading practices.
Milwaukee Bucks star player Giannis Antetokounmpo has secured a spot in the Olympics for Greece…
In California, temperatures are soaring and Death Valley is expected to reach 130 degrees by…
Oregon State University Athletics is thrilled to announce the launch of our new podcast, State…
A University of Arizona professor, Christopher Impey, is raising concerns over the decrease in federal…
The current economic crisis has intensified the trend of low-cost consumption, which analysts predict will…
The far-right National Rally has suffered a defeat in the second round of early legislative…