🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Berkshire Hathaway, Chipotle, More NYSE Stocks Hit With Trading Halts Triggered By Technical Issues (UPDATED)

Published 03/06/2024, 16:19
Updated 03/06/2024, 17:41
Berkshire Hathaway, Chipotle, More NYSE Stocks Hit With Trading Halts Triggered By Technical Issues (UPDATED)
ABT
-
ICL
-
CMG
-
GOLD
-
ESS
-
BRKa
-
FNV
-
TEF
-
BSAC
-
SM
-
XSD
-
TRN
-
SOXL
-
NMG
-

Benzinga - by Piero Cingari, Benzinga Staff Writer.

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 NYSE-Arca listed exchange traded funds:

  • Direxion Daily Aerospace & Defense Bull 3X Shares (NYSE:DFEN)
  • MAX S&P 500 4x Leveraged ETN (NYSE:UPRO)
  • JPMorgan Core Plus Bond ETF (NYSE:JCPB)
  • Global X MSCI Argentina ETF (NYSE:ARGT)
  • Nationwide Nasdaq-100 Risk-Managed Income ETF (NYSE:NUSI)
  • SPDR S&P Semiconductor ETF (NYSE:XSD)
Read now: Koss Corp, Tupperware, BlackBerry Shares Are Moving Monday: What’s Going On?

Photo via Shutterstock.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.