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NYSE Clears Trades To Buy Berkshire Hathaway Shares At Low Prices During Outage
Summary: In early trading on Monday, due to a software glitch in the New York Stock Exchange's infrastructure, the prices of several large-cap stocks plummeted, and Berkshire Hathaway (BRK.A.N) suddenly fell from the previous closing price of $620,000/share to $185.1/share, a 99.97% plunge. The extreme price fluctuations caused trading in the affected securities to be suspended ...
In early trading on Monday, due to a software glitch in the New York Stock Exchange's infrastructure, the prices of several large-cap stocks plummeted, and Berkshire Hathaway (BRK.A.N) suddenly fell from the previous closing price of $620,000/share to $185.1/share, a 99.97% plunge. The extreme price fluctuations caused trading in the affected securities to be suspended and then resumed.
NYSE said that transactions to buy Buffett's company shares at low prices during the abnormal quotation period were invalid, and all erroneous transactions of Berkshire Hathaway would be cleared.
It is reported that during the abnormal price display period, 51 shares of the stock were traded, which means that someone bought Buffett's shares at an original price of $620,000/share at $185.1/share.
Tags: Berkshire hathaway,NYSE
Link: NYSE Clears Trades To Buy Berkshire Hathaway Shares At Low Prices During Outage [Copy]
