Warren Buffett's Berkshire Hathaway A-class shares fell nearly 100 percent due to a technical glitch at the New York Stock Exchange on Monday.During this time, all trading in those shares ceased, alongside those in Barrick Gold and Nuscale Power, which also saw significant drops.The NYSE told the public it was investigating the technical issue, but it did not disclose how many stocks were impacted.
Historically, Berkshire's Class A shares have one of the most expensive stock prices, with recent sales seeing them cost more than $600,000 in March.Berkshire's Class B shares started in 1996 as a way to target smaller investors who could afford the lower cost shares, which are priced around one 30th of the Class A amount.Buffett still owns the largest number of shares for Berkshire, with 38 percent of the class A shares still in his name.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NBCLA - 🏆 319. / 59 Read more »
Source: CNBC - 🏆 12. / 72 Read more »