A technical issue caused a temporary halt for some stocks listed on the New York Stock Exchange on Monday, with at least one stock experiencing a significant price fluctuation. Berkshire Hathaway, the company led by renowned investor Warren Buffett, saw its A-class shares plummet by 99.97% to $185.10 from the previous closing price of $627,400 before trading was halted. Following the resumption of trading, the shares quickly recovered all losses and surged towards $700,000.
During the halt, Berkshire Hathaway's B-class shares, which typically move in tandem with the A-class shares, appeared to trade more normally. The New York Stock Exchange released a trading update stating that trading had been halted in several stocks due to a technical issue related to the publication of pricing data. The issue was resolved, and impacted stocks were reopened or in the process of reopening by 11 a.m. Eastern time.
