Interactive Brokers To See Loss Of $48M From June 3 Trading Anomaly For Berkshire Hathaway Stock
Portfolio Pulse from Benzinga Newsdesk
Interactive Brokers (IBKR) will incur a $48 million loss due to a trading anomaly involving Berkshire Hathaway (BRK/A) stock on June 3. The NYSE has denied compensation claims filed by Interactive Brokers.
June 26, 2024 | 12:42 pm
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NEUTRAL IMPACT
Berkshire Hathaway stock was involved in a trading anomaly that led to a $48 million loss for Interactive Brokers. However, the direct impact on Berkshire Hathaway is minimal.
While Berkshire Hathaway stock was involved in the trading anomaly, the financial loss is borne by Interactive Brokers. Therefore, the direct impact on BRK/A's stock price is minimal.
CONFIDENCE 90
IMPORTANCE 30
RELEVANCE 50
NEGATIVE IMPACT
Interactive Brokers will incur a $48 million loss due to a trading anomaly involving Berkshire Hathaway stock. The NYSE has denied their compensation claims.
The $48 million loss is significant for Interactive Brokers and the denial of compensation claims by NYSE adds to the financial impact. This is likely to negatively affect IBKR's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100