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The New York Stock Exchange (NYSE) experienced a technical issue Monday morning that briefly caused Berkshire Hathaway’s stock price to sink nearly 100 percent and triggered trading halts on dozens of stocks.
Berkshire Hathaway’s Class A stock dropped 99.97 percent shortly before 10 a.m., falling to $185.10 after closing at $627,400 on Friday afternoon.
Trading in the company’s stock, along with 39 others, was halted due to a technical issue involving the publication of “industry-wide price bands,” a NYSE spokesperson said.
“Shortly before noon, the issue was resolved and trading in the impacted stocks resumed,” the spokesperson said. “The NYSE is reviewing potentially impacted trades.”
Berkshire’s stock shot up to more than $700,000 after resuming trading before settling back to around $626,000 on Monday afternoon.