Multiple stocks on the New York Stock Exchange experienced sudden trading halts after 9:40 a.m. ET Monday due to technical issues.
The unexpected pauses in trading were triggered by a technical issue categorized under the "Limit Up/Limit Down" code, which is typically used to curb excessive volatility in a single stock.
The NYSE said it is investigating the reported technical issue. "Additional information will follow as soon as possible," NYSE-owner Intercontinental Exchange Inc.
Among the largest companies halted on Monday were Berkshire Hathaway Inc.
Chipotle shares experienced a sudden and dramatic decline of 66%, plummeting from $3,097 to $1,047. The stock resumed trading at 10:21 a.m.
At 9:49 a.m., ET shares of Berkshire Hathaway faced an even more severe downturn, nearly being wiped out with a staggering 99.7% collapse from $622,375 to $185.10. As of this update, trading has not yet resumed for the company owned by Warren Buffett.
Monday's technical malfunctions on the NYSE occur just one week after U.S. stock exchanges transitioned to a one-day settlement period.
Other Stocks Impacted
Other stocks affected by the sudden technical glitch on the New York Stock Exchange in Monday trading include:
- Abbott Laboratories
(ABT ) - Barrick Gold Corp.
(GOLD ) - Franco-Nevada Corporation
(FNV ) - Essex Property Trust, Inc
(ESS ) - NuScale Power Corporation
(SMR ) - Destiny Tech100 Inc.
(DXYZ ) - Ault Disruptive Technologies Corporation
(ADRT ) - Nouveau Monde Graphite Inc.
(NMG ) - Bowhead Specialty Holdings Inc.
(BOW ) - Banco Santander-Chile
(BSAC ) - Logistic Properties of the Americas
(LPA ) - Xperi Inc
(XPER ) - ICL Group Ltd.
(ICL ) - Telefonica, S.A.
(TEF ) - Trinity Industries, Inc.
(TRN )
