Berkshire Hathaway, Chipotle, More NYSE Stocks Hit With Trading Halts Triggered By Technical Issues (UPDATED)
Editor’s note: This story has been updated with additional details.
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) 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…
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