said the technical issue is related to a mechanism designed to prevent stock prices from swinging wildly. Dozens of stocks are paused because they traded outside those so-called limit up-limit down bands, according to
’s website. That list includes Chipotle and Berkshire Hathaway, the holding company run by legendary investor Warren Buffett. Berkshire’s Class A stock is listed as trading at just $185.10, a price that would represent a loss of 99.97%, according to Refinitiv. Berkshire closed at $627,400 on Friday. It’s not clear if the issues are related.
said it continues to investigate and did not provide additional comment to CNN. “This is not a Nasdaq issue,” Nasdaq spokesperson Emily Pan told CNN. Representatives for the Securities and Exchange Commission were not immediately available to comment. Joe Saluzzi, co-founder of Themis Trading, told CNN that the technical issues don’t appear to be impacting the broader market. “Berkshire, Chipotle and a few others were halted for no apparent reason.
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