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. ICE stated.

Among the largest companies halted on Monday were Berkshire Hathaway Inc. BRK at 9:50:52 a.m. ET and Chipotle Mexican Grill, Inc. 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 ABT
• Barrick Gold Corp. GOLD
• Franco-Nevada Corporation FNV
• Essex Property Trust, Inc ESS
• NuScale Power Corporation SMR
• Destiny Tech100 Inc. DXYZ
• Ault Disruptive Technologies Corporation ADRT
• Nouveau Monde Graphite Inc. NMG
• Bowhead Specialty Holdings Inc. BOW
• Banco Santander-Chile BSAC
• Logistic Properties of the Americas LPA
• Xperi Inc XPER
• ICL Group Ltd. ICL
• Telefonica, S.A. TEF
• Trinity Industries, Inc. TRN

The technical fallout also impacted trading on the following NYSE-Arca listed exchange traded funds:

• Direxion Daily Aerospace & Defense Bull 3X Shares DFEN
• MAX S&P 500 4x Leveraged ETN UPRO
• JPMorgan Core Plus Bond ETF JCPB
• Global X MSCI Argentina ETF ARGT
• Nationwide Nasdaq-100 Risk-Managed Income ETF NUSI
• SPDR S&P Semiconductor ETF XSD

Read now: Koss Corp, Tupperware, BlackBerry Shares Are Moving Monday: What’s Going On?

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