Glitch That Caused Warren Buffett's Berkshire Hathaway Shares To Drop 99.7% Fixed Says NYSE, But Some Aren't Buying The Explanation: 'Doesn't Make Any Sense'
Portfolio Pulse from Benzinga Neuro
A technical glitch at the NYSE caused a 99.97% drop in Berkshire Hathaway's stock value, which has now been resolved. The issue was due to a new software release by the CTA's SIP. Despite the NYSE's assurance, some traders remain skeptical about the explanation.
June 04, 2024 | 1:40 am
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NEUTRAL IMPACT
Berkshire Hathaway's stock experienced a 99.97% drop due to a technical glitch at the NYSE, which has now been resolved. Some traders remain skeptical about the explanation provided by the NYSE.
The technical glitch caused a significant drop in Berkshire Hathaway's stock value, but the issue has been resolved. The skepticism from traders may cause short-term uncertainty, but the resolution should stabilize the stock.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Intercontinental Exchange, the parent company of NYSE, reported a technical glitch that caused a significant drop in Berkshire Hathaway's stock value. The issue has been resolved, but some traders remain skeptical.
As the parent company of NYSE, Intercontinental Exchange's handling of the technical glitch is crucial. The resolution of the issue should stabilize the stock, but skepticism from traders may cause short-term uncertainty.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80