Berkshire A-shares plummeted nearly 100% at one point, and the New York Stock Exchange: All erroneous trades will be considered invalid
Cailian Society ©
Cailian Society ©
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This article is from the Caixin News Agency app, authored by Xia Junxiong, edited by Lin Qi, with the header image from Visual China
On Monday (June 3rd) Eastern Time, the New York Stock Exchange stated that the issue that had previously caused some stock prices to show anomalies has been resolved and is currently under investigation.
On Monday morning trading, the Berkshire Hathaway A-shares under the "stock god" Warren Buffett plummeted 99.97% to $185.1 per share due to technical issues. Berkshire Hathaway B-shares were not affected by technical malfunctions.
As of Monday's close, Berkshire Hathaway A-shares rose 0.59% to $631110.1 per share, while Berkshire Hathaway B-shares rose 0.09% to $414.79 per share.
Not only Berkshire Hathaway A-shares have been affected, but according to the Unified Securities Market Association (CTA), dozens of stocks have been affected, with other well-known stocks including Barrick Gold and NuScale Power Company. CTA is an institution that provides real-time stock quotes for major exchanges.
As for whether transactions completed during periods of abnormal stock price display are valid, according to media reports, the New York Stock Exchange stated in an email that all erroneous transactions caused by technical issues are considered invalid. It is reported that the New York Stock Exchange, along with other unlisted trading privileges (UTP) exchanges, has ruled to revoke all erroneous trades related to CTA SIP issues involving Berkshire Hathaway priced at $603718.30 or less between 9:50 a.m. and 9:51 a.m. Eastern Time in the United States.
Under normal circumstances, Berkshire Hathaway A-shares are one of the highest priced stocks on Wall Street, reaching a historic high of $634440 on March 28 this year. As of last week, the price per share of Berkshire Hathaway's A-shares was even about 45% higher than the median price of US homes.
The reason why Berkshire Hathaway's A-share price is so high is mainly because Buffett has never split the stock because he wants to attract shareholders with long-term investment vision. Buffett has stated that many Berkshire shareholders treat their stocks as savings accounts.
However, in 1996, Berkshire issued B-shares at a price equivalent to 1/30 of A-shares to cater to small investors who wanted to get a share of Buffett's performance.
According to FactSet data, Buffett is Berkshire's largest shareholder, holding over 38% of Class A shares. Buffett has been managing Berkshire since 1965 and has promised to donate the wealth he has accumulated at the company.
This article is from the Caixin News Agency APP, written by Xia Junxiong and edited by Lin Qi
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Sniff Friend OSeod
Sniff Friend OSeod
He lost money and said the data was incorrect.
2 hours ago, Guangdong
00
Smell Friend LKfkH
Smell Friend LKfkH
Invalid? Did the money from short selling go to waste?
2 hours ago, Tianjin
00
Sniff Friend va8U0
Sniff Friend va8U0
This is not free, what's wrong with retail investors? The New York Stock Exchange should take responsibility for its issues
2 hours ago, Guangdong
00
Smell Friends Koqr4
Smell Friends Koqr4
So, the price of stocks is just a number???
3 hours ago, Chongqing
00
Jorge Mesquita
Currency is all about it, otherwise why bother with a digital currency? It's more convenient to change it as you please..... Hahaha
2 hours ago, Sichuan
伯克希尔A类股一度暴跌近100%，纽交所：所有错误交易将被视为无效
财联社6月4日讯美东时间周一，纽约证券交易所表示，此前导致部分股票价格显示异常的问题已经得到解决，正在对此展开调查。
周一早盘，“股神”巴菲特旗下的伯克希尔哈撒韦A类股因技术问题而导致股价一度暴跌99.97%，达到185.1美元/股。伯克希尔哈撒韦B类股并未受到技术故障的影响。
截至周一收盘，伯克希尔哈撒韦A类股涨0.59%，报631110.1美元/股，伯克希尔哈撒韦B类股涨0.09%，报414.79美元/股。
受影响的不止伯克希尔哈撒韦A类股，据统一证券行情协会称，共有数十只股票受到影响，其他涉及的知名股票包括巴里克黄金和NuScale电力公司。CTA是为各大交易所提供实时股票报价的机构。
至于在股价显示异常期间完成的交易是否有效，据媒体报道，纽交所在电子邮件中称，因技术性问题而引发的错误交易全部视为无效。据悉，纽交所与其他非上市交易特权交易所一起，已裁定撤销美国东部时间上午9:50～9:51期间，伯克希尔哈撒韦所有价格为603718.30美元或以下、与CTA SIP问题相关的错误交易。
在正常情况下，伯克希尔哈撒韦A类股是华尔街价格最高的股票之一，该股于今年3月28日创下634440美元的历史最高收盘价。截至上周，伯克希尔哈撒韦A类股每股售价甚至比美国房屋中位价高出约45%。
伯克希尔哈撒韦A类股股价如此之高，主要是因为巴菲特从未拆分股票，因为他想吸引具有长期投资眼光的股东。巴菲特曾表示，许多伯克希尔的股东都把他们的股票当作储蓄账户。
尽管如此，伯克希尔于1996年以相当于A类股1/30的价格发行了B类股，以迎合那些想要从巴菲特业绩中分一杯羹的小投资者。
FactSet的数据显示，巴菲特是伯克希尔的最大股东，拥有超过38%的A类股。巴菲特自1965年以来一直在管理着伯克希尔，他已承诺捐出自己在该公司积累的财富。
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