Error Resolved But Some Investors May Have Been Misled

NYSE Glitch Shows Berkshire Hathaway Down 99%

Error Resolved, But Some Investors May Have Been Misled

Glitch Showed Incorrect Price for Several Hours

The New York Stock Exchange (NYSE) resolved a technical glitch that briefly showed Berkshire Hathaway Inc. (BRK-B) down nearly 99% on Tuesday. The error was resolved within a few hours, but it may have caused some investors to make incorrect trading decisions.

The glitch showed BRK-B trading at $41.44, down from its closing price of $414.40 on Monday. The incorrect price was displayed for several hours on the NYSE and other financial websites.

The NYSE said in a statement that the glitch was caused by a "technical issue" and that it is investigating the matter.

Some investors who saw the incorrect price may have been misled into selling their BRK-B shares at a loss. Others may have been prevented from buying the stock at a discount.

The NYSE has not said whether it will take any action to compensate investors who may have been harmed by the glitch.

Conclusion

The NYSE glitch is a reminder that investors should always be aware of the risks involved in trading stocks. Even the most well-respected exchanges can experience technical problems that can lead to incorrect prices being displayed. Investors should always do their own research before making any trading decisions.