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

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June 03, 2024
Berkshire Hathaway, Chipotle, More NYSE Stocks Hit With Trading Halts Triggered By Technical Issues (UPDATED)

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

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?

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This article Berkshire Hathaway, Chipotle, More NYSE Stocks Hit With Trading Halts Triggered By Technical Issues (UPDATED) originally appeared on Benzinga.com

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