ICE - Glitch That Caused Warren Buffett's Berkshire Hathaway Shares To Drop 99.7% Fixed Says NYSE But Some Aren't Buying The Explanation: 'Doesn't Make Any Sense' | Benzinga
In a recent development, the Intercontinental Exchange Inc (NYSE:ICE)-owned New York Stock Exchange has resolved the technical issue that caused a halt in trading for several major stocks, including Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK), leading to a 99.97% drop in stock value.
What Happened: The NYSE announced on Monday that the technical issue, which led to trading halts for several major stocks and a significant drop in Berkshire Hathaway’s stock value, has been resolved, CNN reported. The issue was attributed to a problem with industry-wide price bands, which led to trading halts for up to 40 symbols listed on NYSE Group exchanges. The issue was reportedly caused by a new software release by the Consolidated Tape Association’s (CTA) ...