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Glitch Crash: Berkshire Hathaway Shares Tumble 99%

via WION
This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak, UltimateNewswire and others. To learn more about syndication opportunities, visit About Us.

A technical glitch on the New York Stock Exchange on Monday morning incorrectly displayed steep drops in the share prices of several major companies, including Berkshire Hathaway, Barrick Gold, and Bank of Montreal.

Berkshire Hathaway Class A shares were shown declining 99.97% to $185.10 despite typically trading in the hundreds of thousands, while Barrick Gold falsely plunged over 98% to $0.25 and Bank of Montreal dipped from around $88 to $0.77 before trading halts.

The NYSE has since attributed the anomalous quoted prices to a technical issue and halted trading for the affected stocks as the source of the glitch is investigated.

“NYSE Equities is currently investigating a reported technical issue. Additional information will follow as soon as possible,” the NYSE stated.

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