Berkshire Hathaway, Chipotle, More NYSE Stocks Hit With Trading Halts Triggered By Technical Issues

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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. (NYSE: ICE) stated.

Among the largest companies halted on Monday were Berkshire Hathaway Inc. (NYSE: BRK.A) at 9:50:52 a.m. ET and Chipotle Mexican Grill, Inc. (NYSE: CMG) at 9:44:58 a.m. ET.

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 (NYSE: ABT)
  • Barrick Gold Corp. (NYSE: GOLD)
  • Franco-Nevada Corporation (NYSE: FNV)
  • Essex Property Trust, Inc (NYSE: ESS)
  • NuScale Power Corporation (NYSE: SMR)
  • Destiny Tech100 Inc. (NYSE: DXYZ)
  • Ault Disruptive Technologies Corporation (NYSE: ADRT)
  • Nouveau Monde Graphite Inc. (NYSE: NMG)
  • Bowhead Specialty Holdings Inc. (NYSE: BOW)
  • Banco Santander-Chile (NYSE: BSAC)
  • Logistic Properties of the Americas (NYSE: LPA)
  • Xperi Inc (NYSE: XPER)
  • ICL Group Ltd. (NYSE: ICL)
  • Telefonica, S.A. (NYSE: TEF)
  • Trinity Industries, Inc. (NYSE: TRN)
The technical fallout also impacted trading on the following NYSE-Arca listed exchange traded funds:

  • Direxion Daily Aerospace & Defense Bull 3X Shares (NYSE: DFEN)
  • MAX S&P 500 4x Leveraged ETN (NYSE: UPRO)
  • JPMorgan Core Plus Bond ETF (NYSE: JCPB)
  • Global X MSCI Argentina ETF (NYSE: ARGT)
  • Nationwide Nasdaq-100 Risk-Managed Income ETF (NYSE: NUSI)
  • SPDR S&P Semiconductor ETF (NYSE: XSD)