Berkshire Hathaway Class A stock is now priced at $185.10 per share, down 99.97% from last Friday's close of $62.74 million per share. In addition to Berkshire, the stock prices of Barrick Gold, one of the world's largest gold mining companies, and NuScale Power, a nuclear power company, also experienced a drop of nearly 99%.
On June 3, Caixin News Agency (editor Hao Zhao) reported that during the early trading session of US stocks on Monday (June 3), the New York Stock Exchange suffered a technical glitch and several US stocks experienced abnormal changes, including Berkshire Hathaway, which plunged to near zero, owned by the "stock god" Buffett.
Specifically, Berkshire Hathaway Class A shares (stock code: BRK.A) are now priced at $185.10 per share, down 99.97% from last Friday's close of $62.74 million, and these declines occurred in a very short period of time.
Daily chart of Berkshire Hathaway Class A shares.
In addition to Berkshire Hathaway, the stock prices of Barrick Gold (stock code: GOLD), one of the world's largest gold mining companies, and NuScale Power (stock code: SMR), a nuclear power company, have also experienced nearly 99% declines.
Currently, the above-mentioned stocks have all been suspended from trading. Shortly before the publication of this article, a spokesperson for the NYSE stated that the stock department is investigating technical issues related to the LULD (Limit Up Limit Down) report.
Meanwhile, Berkshire Hathaway Class B shares (stock code: BRK.B) are still trading and are currently down 0.90%.
It is worth noting that US stocks also suffered technical issues last week. During the intraday trading on Thursday (May 30), the S&P 500 Index and the Dow Jones Industrial Average suddenly stopped real-time quotes for nearly 80 minutes, but individual stock trading was not affected.
Standard & Poor's Dow Jones Indices later stated that there was a file delay due to connection issues and that they will continue to investigate.
Last Tuesday, the US stock market's settlement period officially shortened from T+2 to T+1. At the time, Tom Price, a senior executive of the Securities Industry and Financial Markets Association (SIFMA), said, "There are many dependencies within the industry, and some companies may have some rough patches."