Normal trading resumed late Monday morning after the New York Stock Exchange said technical issues had caused wild swings in the prices of some stocks, including those held by Warren Buffett. Berkshire Hathaway.
Shortly after 11 a.m. ET, the New York Stock Exchange said the issue affected its main electronic stock-releasing website, but that trading in most stocks had since resumed or was in the process of resuming.
The NYSE had previously said the issue had to do with “upper and lower limit bands” designed to limit volatility.
About 50 stocks were affected. The website hastrading of these companies has been halted.
Due to this issue, the NYSE Berkshire’s Class A Shares The stock price fell 99% from about $620,000 per share. It resumed trading at normal levels around 11:35 a.m. ET.
Other stocks affected include: AMC Entertainment, chipotle pepper and GameStop.
Earlier, GameStop’s shares soared after trader Keith Gill, known on social media as “Roaring Kitty,” posted that he was increasing his investment in the company’s shares.
A representative for the NYSE directed a request for comment to the company’s website.
This is a developing story, check back for updates.
