NYSE responds to Berkshire Hathaway (BRK) "flash crash" incident: Clearing all erroneous trades
NYSE and other exchanges have canceled the erroneous trades of Berkshire Hathaway that occurred between 9:50 and 9:51. A technical glitch caused abnormal fluctuations in the stock, with Berkshire Hathaway's Class A shares briefly dropping to $185. This issue was related to a new software version. NYSE, a subsidiary of Intercontinental Exchange, fell by 0.19% on that day
According to CNBC, the New York Stock Exchange (NYSE) and other UTP exchanges have ruled to cancel all erroneous trades of Berkshire Hathaway Inc. (BRK.A.US) that occurred at or below $603,718.30 between 9:50 and 9:51 am Eastern Time. The ruling is reported to be final and cannot be appealed. Earlier that day, a technical glitch caused approximately 12 companies, including Berkshire Hathaway Inc. Class A shares, to experience errors, with the stock briefly appearing to lose nearly 100% of its value, dropping to $185.
Berkshire Hathaway Inc. Class A shares closed at $631,285.045 on Monday, up 0.6% from the previous trading day. This issue is evidently related to a new software version. The New York Stock Exchange, owned by Intercontinental Exchange (ICE.US), closed down 0.19% on Monday