The New York Stock Exchange has announced the cancellation of trades following a technical glitch that caused trading halts for 40 stocks on Monday morning, including Berkshire Hathaway, which briefly appeared to trade at a significant discount of 99%.
The issue, attributed to software problems with the Consolidated Tape Association, lasted approximately two hours. During this time, Berkshire Hathaway's Class A shares reportedly traded as low as $185.10 per share before trading was halted.
The NYSE stated that all trades of Berkshire Hathaway made at or below $603,718.30 would be nullified.
The glitch, related to real-time stock quotes, was resolved by around 11:45 a.m. Traders affected by "clearly erroneous" trades have the option to seek compensation under NYSE rules.
Similar cancellation notices were issued for trades involving other companies like Chipotle and certain exchange-traded funds.
Paraphrasing text from "Yahoo Finance" all rights reserved by the original author.
